I would visit a non-traditional mortgage originator to see what lenders he or she works with and what products they support without a DTI.Credit score will have to be > 580 and cash position will have to be enough to cover the difference between 96.5% of appraised value and sale price, plus closing costs.

He likes the idea but has asked for a business plan to support my goals. 

The problem is the family wants more money than the property is worth without the necessary renovation to support the cost.

I don't see a problem with it; VRBO/AirBnB advertisers do it all the time.

What is your favorite online platform for advertising rental listings, accepting apps??

Thanks AJ - all very good points, thoughts / answers below:Time to support tasks - albiet having demanding workloads, between my wife and I we are more than open to spending time getting critical tasks over the line to ensure sucess (e.g., contractor mgmt, tenant screening / mgmt, etc.)Why REI / goals - focused on investing in RE to support my portfolio diversification, creating a second sustainable income stream, and growing overall wealth.

I ask them to ensure the apartment is in tip top showable condition, pay for advertising and pay rent until a suitable tenant that is properly vetted can be found, just as they were.

I'm hoping to identify a local attorney who would support my humble beginnings via sometimes assignment, and other times double-close in escrow utilizing end-buyer funding to maximize my margin of return.

Is it just that people are advertising "I'll pay cash for your property" and then they turn around and provide an almost-like-cash?

But if I had to simplify the concept of wholesaling in 5 steps 1/ Network with investors and build your buyer list2/ Advertise to distressed sellers and build rapport3/ Lock the deal with a Purchase Agreement 4/ Assign your contract to an End-buyer5/ Coordinate with the title company the Seller and the Buyer and get paid You get paid the difference between what the buyer is willing to pay for and what the seller agreed to sell for.Hope that'll help, good luck!