You'll pay a .25 point hit on the rate because they are collatorilized against investment properties, but then you'll potentially reduce the impact on your family if things go bad.Hope that helps!

Maybe I didn't phrase my question well.So say I'm doing my first wholesale deal, how do I tell my list of potential buyers the terms of the deal I have to offer them without first signing a contract and creating those terms with the seller I found?

As you grow your portfolio, this may handicap your investing potential. 

It has HUGE seo potential and will be a viable alternative for homeowners who want a great place to list. 

although this is my first potential rental unit, I want to continue to keep buying next good deals that come along.

I dont know the Queens Village area that well but I know homes are expensive here in NYC.Do you plan to wholesale the property - figure out what it will cost to buy it, rehab it and then advertise this information to potential buyers.

Unless you advertise it, I highly doubt any potential tenant will be able to tell the difference if the colors match!

As mentioned is Scott Trenches book “set for life”, he recommends taking a job which can potentially ear more (in my case it is real estate sales).

With interest free periods you can make use of a lot of potential seed capital for short term investments.

If the feedback you get from potential buyers is too high, then you'll need to go for a pricing reduction or reduce your potential margin to meet their need for lower pricing.