Which do you think will be more competitive, buying from wholesalers or your own referrals?

Quote from @Noah Davis: Hi Everyone,I am looking to buy 10 investment properties this year.

Suck it up, buy a property.

Hopefully you raked in enough cash to buy a warm jacket!

Instead of buying existing properties and rehabbing them, the idea is to partner with a builder who constructs new rental properties, then refinance and rent them out. 

I wouldn't recommend setting up an LLC out of state if you are buying in Tennessee unless your tax advisor is looking to help you on strategy.. but from a numbers standpoint, it really doesn't make sense when you start adding up on all of the annual LLC reporting fees from different states and then it starts cutting into your cashflow.

Did you all buy your lots from them?

I wouldn't buy existing.

Even for investors, this can be beneficial, as they avoid riskier commercial loans that often come with 25-year amortizations, balloon payments, and adjustable rates.Now, don’t get me wrong—buying more units often means more cash flow.

I might buy 1 property that has cash flow, another that has a great purchase price, another that has great appreciation prospects and yet another with great financing terms.