That approach, if you're working in costal Cali, Hawaii, etc. is doable and has been done by numerous investors.

I don't read posts about wholesaling but I see there are numerous topics on them and tons of discussion with two sides of a fence.

But with a note fund you aren't exposed in the same way because you're effectively investing in pieces of numerous different notes.

I am being told by numerous lenders that I can’t purchase a 3 family using an owner occupied FHA or conventional loan at that matter.

Most importantly, does any of these submarkets have any economic anchors like state government, major universities, major health care centers, or manufacturers that are independent of the economy like military suppliers that employs most of the residents of that submarket?

Was against it at first, but decided it would be best (for numerous reasons).Thanks for the help.

There are numerous Unique Benefits Associated with Multifamily assets.For example, they provide the opportunity to hire professionals that conduct cost segregation studies.

Another possibility would be to find the commercial suppliers in your area (the big warehouses with little or now showroom that sell to HD and Lowes and the big contractors) ask to speak to outside sales. 

About a month later after talking with about 6 general contractors, numerous subs, 4 architects, and a host of potential wholesale buyers I lined up contractors and decided to hire a GC to do/oversee most of the work and I would project manage/manage the GC.

He has had a mortgage on the property since at least 2003 based on city records.Anyway...the building is in a very good location with high traffic counts, numerous fast food chains sharing the same street along with a large retail strip with national tenants, an elementary/middle school and a small university (Indiana University-Kokomo, which is quickly  growing with a 125-bed apartment complex being built down the road and opening in early 2019) all less than a quarter mile away.The building has always interested me, and of course I have NO idea how much damage has been done to the roof and interior by both the tornado and the lack of use for multiple years.