@Josiah Sia Welcome to BP...I literally felt myself looking in the mirror reading your post .IT mgr, SA area, looking to pursue REI to fast track financial freedom...all of it.I’ve been around BP for a little over a month and consuming content like the fat kid at the buffet.

Here is a whole list of books and read as many you can.List of Multifamily Investment Books Multifamily Millions by Dave LindahlThe Perfect Investment by Paul MooreHow to buy Multifamily Properties the Right Way by Mitul RanaBig Money small Apartments by Lance EdwardsHow to build wealth by John Wilhoit The Apartment Investing Action Guide by Chris TracyCrushing It in Apartment and Commercial Real Estate by Brian Murray Buying and Selling Apartment Buildings by Steve BergesInvesting in the Apartment buildings by Mathew MartinezThe ABCs of Real Estate Investing by Ken McElroyRich Dad Poor Dad by Robert KiyosakiIt’s Whole new Business by Gene Trowbridge Multifamily and Apartment Books to read - Neal Bawa's pickBest Ever apartment Syndication Book by Joe FairlessCrushing it by Bryan MurrayTraction: Get a Grip on Your Business by Gino WickmanThe Ultimate Sales Machine by Chet Hoilmes

Wholesaling requires a great buyers list, fantastic deals that have enough fat in them to make money on the wholesale and have enough for the investor.  

Of course, it depends on what your goals are, but generally people fall into one of two categories:growth modeefficiency mode (trim the fat, 80/20 rule, etc)If you are in growth mode, you'd probably get about a $176k loan (80% LTV) and have $55k to play with. 

But that was me, YMMV if you have a fat w2.

Lets see, whisper tons of BS in your earConvince you the market is scarceTell you an appraisal before making an offer is sillyArgue with the bank when the bank appraisal tells you you're paying to muchCollect a fat 2.4% or more (which is a super big payday on a $30k house - lol)Buy all the best deals themselvesWhy do I feel I'm probably not making friends in this thread???

: The how-to book of syndicated investment real estate by Gene Trowbridge

Too fat and happy I guess. 

@Gene Nelson, looks solid.You might want to bump up your repairs, closer to 7.5%.You'll need at lease 6 months seasoning to refi.

You can jack up your net income and then have a bigger tax bill come tax time.Or you can minimize your net income and have a big fat tax refund come tax time.Valid point about effectively option B being an "interest free loan" to the gov't, but other than that you're not going to make or lose any money either way.