Hopefully this trend continues.well one reason for burn out is that 97% of those who say they are going to wholesale never do it.. they burn what little cash they have become more broke and quit.. but as you know being a national funder in most rust belt cities I see them daily on huds so they are still alive and well in the low value asset rental houses I fund.. sometimes there will be 4 of them on one hud making 1k  a piece and occasionally some of them make good money.. 

One washer was so full it wouldn't even spin and the belt burned inside. 

I am in the process of getting my first rental property under my belt and was wondering how did many of you go about dealing with contractors in the beginning?

While my profits would be less I would have more flips under my belt.

Hopefully you are able to get one under your belt soon. 

@George Blower thanks for the welcome, I have been roaming this site daily for months!

plus in low value asset land of the rust belt middle America I can see where this is a benefit you can literally buy a house on a credit card.. that I get.. then flip the sucker make 10k or so that is a good use for those. 

You're the business that keeps accepting overqualified applicants for key positions and keeps losing them to headhunters because they have so many options other than working for your stingy self.So I guess my slumlord bonafides are now fully on disply with this post, but I'll continue treating my tenants like human resources to be fully exploited to the best of my abilities (just like a corporation), and you can keep on looking for exemplars of the finest past conduct to fill your vacancies (people whose next step is buying a house when they get sick of renting, with their good credit and excellent record), and we'll both do well in our market segments, you in your clean Canadian suburbs, me in my Rust Belt ghetto cesspits.Frankly, if I had a tenant applicant show up with the kind of clean record you're looking for where I own low-income rental properties in the 'Burgh, I'd immediately suspect identity theft.

@Ned Carey, @George Blower, @Dan Smith Thanks for the welcome!

If there is no personal guarantee and single member LLC then the tenant can usually remote bankrupt the LLC and walk away.People think NNN is easy and it can be but the analysis that goes in on the front end takes time to buy properly.The other poster looks like they are a from a cold belt state.