Feasibility of buying a house hack from a wholesaler

[Joshua T.]

Have been shopping for a house hack with little success. There's just not that much inventory in our area. I even did my own mailer to multifamily owners with little success. It got me thinking that wholesalers are in the business of finding off-market deals. There must be a ton of houses that they come across that weren't good enough for a flipper (<70% ARV), but might be perfect for an owner-occupied landlord. I'd be happy with a property at 70-95% ARV. There are some obstacles though. Traditional financing means I'd likely need to pay the wholesaler a flat finder fee in cash and the house will have to go through the regular inspection process with an appraisal. The seller probably isn't paying any agent fees either, which means my realtor's fee is also coming out of my pocket too.

Has anyone ever seen a wholesale lead turned into a traditional home sale? Are there any other challenges I haven't thought of? Thanks in advance!