I distinctly remember a pipe dream of buying a house at one point and then renting it out after I left.There are a ton of older houses just south and east of campus that are prime for student rentals.Onto my goals, I just want to close my first deal in 2007.

That's the specific job of a licensed agent and if you don't have one, you're in a dangerous position.

Your market may vary, but the reality is that nearly three fourths of applicants want possession immediately, so waiting for checks to clear is not a reasonable option for them, and it's dangerous for you.

These are both a dangerous assumptions, in my opinion, because, as Warren Buffett or Benjamin Graham would say, you have no "margin of safety" if the economy downturns for a while...AND because you are still highly leveraged.

any hidden dangers or downsides to signing one ?

Is there danger of that?

That is a very dangerous strategy.

., can be quite dangerous.

That's why people with ideas that try harder to circumvent laws than just follow them are dangerous. :)

@Jon Holdman Agreed, but I would describe wholesaling more so as a business rather than a job and I think that is an important distinction to make.