Purchase price: $67,000 Cash invested: $2,300 Sale price: $90,000 Purchased this property from an investor with a portfolio looking to liquidate.

@Dave E.

The rule is that you must have acquired (constructed) unit B with the intent of holding for productive use. 

Fannie Mae generally requires lenders to obtain a two-year history of the borrower’s prior earnings as a means of demonstrating the likelihood that the income will continue to be received.However, a person who has a shorter history of self-employment — 12 to 24 months — may be considered, as long as the borrower’s most recent signed federal income tax returns reflect the receipt of such income as the same (or greater) level in a field that provides the same products or services as the current business or in an occupation in which he or she had similar responsibilities to those undertaken in connection with the current business.

The FNMA product used to be a no-brainer because of the rates, but now you can get a 30-yr fixed rate, 30-yr amortization in an LLC.

This is a separate loan product from conventional (Fannie Mae and Freddie Mac loans). 

Some associates at home depot may recommend the "polyblend plus" (has orange coloration on the bag) because it has additive mixed in to the powder already and you don't have to buy separate liquid additive.

Often times that is considered cash but without them having to liquidate their assets. 

The 'new' debt service coverage ratio (DSCR) driven products are more attractive, though, IMHO. 30-yr fixed rate, 30-yr term, rates in the 4s (right there / better than banks) and no debt to income ratio BS.

But I have met a few other wholesalers that were flat *** honest and to the point and I let them liquidate some homes we had but they were all licensed as well..