You also will want to find an area that is very transactional.

These are things you can see on the front end before you even see the property in person.Red flags that you could discover later once involved in a transaction include difficult tenants and major issues with the property.I wish I had known to start sooner!

However, this is a difficult qualification to meet, especially if you have a full-time job outside of real estate.Don’t worry if you aren’t able to qualify for REPS status, because there is another strategy that is referred to as a “loophole”, which is the STR strategy.Per Section 1.469-1T(e)(3)(ii)(A): there are six exceptions where your rental property income is not automatically considered to be “rental activity” and thus may unlock the door for being able to offset these losses against your active income.The average customer use is seven days or less.The average customer use is 30 days or less and significant personal services were provided (for example, daily housekeeping).Extraordinary personal services are provided, regardless of the duration of customer use.The rental is incidental to a non-rental activity.The property is available during defined business hours for non-exclusive use by various customers.The property is used in an activity conducted by an S Corporation, partnership or joint venture in which the taxpayer holds an interest.If your property qualifies by meeting one of the exceptions above, the next step is to demonstrate material participation in the rental activity.

Any thoughts on a transaction like that?

One major hurdle is the costs associated with transactions, 2 closing = twice the transaction cost.

For the most current ownership info and sales history in Cumberland County, try the Recorder of Deeds Office—this is where you’ll find detailed property transaction records, accessible online through a service called Landex on their website.

I am building my listing daily and creating a good team.If you are a cash buyer in the Houston area, please feel free to connect with me.If you guys have any advice for a beginner in wholesaling business I am all ears as well.Eboni

Although I can confirm, that whenever I work Manhattan transactions - it's through Street Easy (aka Zillow). 

NOT a big bank they will say no.. my community bank has done these for me for years and the  rates are ( for me at least) basically maybe 1 point over what they do for MF or other commercial loans.. its a relationship transaction I have found. 

I drove past the site daily to get home in Calico Ridge.