No one is going to pay more than 4-5k, and even then finding that tenant is very challenging.

Finding the private money seemed to be the biggest challenge my friend has had while doing this. 

Wholesaling is one of the most challenging ways to start your carrier in real estate; over 90% fail within the first year. 

I have a few concerns that I wanted to get people's thoughts on. 1 - Selling a quadraplex 10-20 years down the road seems like it may be challenging as the market for that type of asset is small.

but it will still be challenging. 

- Network with local agents and investors, so you start getting first crack at new deals.If you can amp up the cashflow on the first duplex, you can use the extra cash to:- Pay down the mortgage, setting yourself up for a future refinance to free up your VA Entitlement.OR- For your next acquisition.One of your biggest challenges will to keep the cash flowing when you move out of a duplex.

You’ll often see sales with 100-200% swings within the same area, which makes having deep local knowledge and understanding the nuances absolutely critical.I do this for a living, and even with experience, comping in Detroit can still be challenging.

One of my rental properties is located in a low-income area, which presents unique challenges in finding suitable tenants.

I recognize it is a tough RE market with many challenges.  

The challenge is knowing if the listing agent actually tells your offer to the seller or not.For example, if a distressed property is $650k and you want to offer $620k, the listing agent says the lowest the seller may accept is $645k, but is that actually true or made up because the listing agent wants their commission?