Regarding your concern about the area, in your shoes, I would speak to 2 or 3 property managers about the property, area, market rent, and whether they themselves would want to manage a property in this area.

So much of the "how to" in REI can be answered with some consideration, slipping on the other parties shoes for a spin around the living room and a bit of consideration of how things look from that other side of things, asking yourself what would be wanted if in that other position, and that generally answers it. 

My question to you is, what would you do our shoes to get started investing NOW?

What would you do in my shoes?

Hi Lawrence, We were in your shoes a few years ago and wasn't sure if investing in ourselves was worth it, well we were WRONG!

To move away, we either cut our lifestyle in half or figure out a way to give our portfolio a "make-over" to somehow squeeze more profit out of it while at the same time hiring management so that I don't have to work on it full-time..I'd love to hear any success stories of others who have been in our shoes or advice on what direction to take. 

If I were in your shoes, I would definitely get started with house hacking - buy a house with a low down payment (3-5%), rent out your extra rooms and either lower your cost of living or cash flow $$$, get experience managing your own property, and after a year, rent out your room and repeat the process. 

2 years ago I was in the same exact shoes.

The closing date is stipulated in the P&S agreement you have with the seller, so is the earnest money(minimal) and which attorney firm will handle the closing (your attorney firm)The assignment fee is payable by the buyer to you after closing costs are accounted forYou as a wholesaler are assigning the contract to the buyer who is going to step into your shoes as Principal to the initial P& S agreement with the Seller.

If I were in your shoes I would sell if the market is hot and use the money to buy one MF and if possible one or two SF.