You want to only buy based on current conditions not on a Proforma.Also, determine what your value added play is on this property as well as your exit strategies.

I originally thought I wanted to buy a 4-plex or a triplex, however, after reading into things on BP, I think I may start with single family homes, as they have lower start up costs, and more exit strategies, I mean if I like it, I can always look into adding more to my plate, right?

I do that by referring them to people who have exit strategies that match the prospects need.

I choose wholesaling because I felt it was the easiest exit strategy for me with limited funds and I have already talked to a seller who wants to sell me their house.

Leaving me with only an $800 mortgage payment/month.My exit strategy for the property is to fix it up and rent it out.

You have gotten a lot of good advice and other possible exit strategies.

I agree that it seems intimidating, but I think if I had a good deal with more than one exit strategy I'd give it a shot.As far as keeping current financing in place, the specifics would have to be worked out with the owner, but some may be willing to take a small amount of cash upfront in exchange for you getting payments current (if behind) and paying off the balance when you sell the property.This can also be intimidating because of DOS clauses, but I've seen quite a few people say that they do these deals frequently without having the loans called.I'm not an expert on any of this, just some things I know a little about that sound like they might work for your situation.

My initial planned exit is to wholesale those deals I create to other investors so that I can validate and refine my ARV and Rehab estimations with another set of experienced eyes.

There really is no downside to having an agent help you in your search early on, BUT, you do need clear guidelines as to what YOU consider a deal, i.e. cash on cash returns, total return, target rents, exit strategies etc.

Also there will be creative exit strategies possible.Welcome and best wishes,Jim