CM would have to be stupid to set it up this way.

But, you need to understand the intensity, time commitment, capital needed, and skill set required.  

Then you can depreciate the property and rent it off setting a good chunk of your income with depreciation. 

I think acknowledging the difficulties tenant's face sets you apart from other landlords.

It sounds like you’re setting up for a solid multifam portfolio—between you and your dad, the combined entitlements give you a lot of flexibility.

., the rental agreement contains one of the “10 Deadly Sins” as set forth in Wis.

Your first couple deals will be important, they will set the stage for your success.

I’m new to the world of real estate wholesaling, and I’m eager to connect with experienced investors and learn as much as I can.I’m based in the Virgin Islands but have my sights set on wholesaling in Orlando, FL, where I see a lot of potential.

If you are set on your strategy of just adding 3 more rentals then you should probably leverage your network of lenders and discuss best options with them to free up some cash for more investments.

Once that amount is reached, then continue setting aside cash for the next investment purchase.