The next step should hopefully be to exit the hard money with a simple refinance, right?

Right now my real estate priority is finding wholesale and rehab deals but I motivated seller responded to my marketing and to me, in my limited REI experience, the only exit strategies for this deal would be a subject to, buy and hold and or lease option.Owner owns a home and is needs to move yesterday to start a new job in a city about 2 hours away.

What is your exit strategy - do you want to buy and hold the property?

Make sure you are analyzing your deals, to make sure they are "deals".You also need to have some sort of exit strategy.

I think people here generally like the hardwoods better then say a laminate or vinyl floor and out first exit strategy is to flip but our second is to hold for rentals if they don't sell( or in the case of the first house a turn key landlord might want to purchase ).

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.