Also, you can The the flipping easily with conventional renovation loans with FannieMae Mae HomeStyle which investment properties, 1 unit, 15% downpayment 

Meaning do they have high enough reserves, insurance, low enough percentage of investors units, enough individual owners, etc to make it easily financeable.

So for now, as I get more educated and more certain about what REI actually looks like and could look like for me, I’m also focusing on eliminating all of our personal debt to prepare for future investments.I think this should give a pretty basic overview of where I’m at in life and in my investing journey, and I look forward to being more active in discussions here as I move closer to pulling the trigger on my first investment!

You can easily hit the 1% rule here and expect quality tenants.

You can also easily rent a room for $900++ on a monthly basis. 

Credibility is hard to come by and extremely easily lost.So do your best to make sure you provide value.The #1 rule about wholesaling my handsome brother, is that you need to be honest, hardworking and transparent.We get a lot of contracts signed by just telling the owner we are going to wholesale the house, not buy it.Then explain wholesaling to them and how it is far better than any other method of selling for them.

That could easily be $40K in tax right there. 

It still should be about the similar spread (75bps or so), but there are a lot of levers you can pull more easily on DSCR such as buying down points, heavy prepayment penalties, flexible underwriting guidelines that can make the rate equivalent or even better than on the conventional side

Especially with a market rate of around the 6% area, you could be looking at 7% interest rate easily.

If they are professional, they can explain this quickly and easily.