@William Crutcher  keep in mind woodlot and timberland are completely different values .were as I had an 11 acre monster doug fir patch that I took 700k of timber off of in the height of the market.. out your way with hard woods it could be fire wood worth 7k..

I could think of a few scenarios (perhaps a monster W2 income where you're getting completely hosed on taxes and expected it to continue for the next 10 years) where it MIGHT make mathematical sense to eliminate any cash flow, but I doubt it, even then.

My issue is I have very little knowledge of wholesaling and it seems like that is a whole different monster to try and take down while we work on getting the flipping side of things up and running.

Ergo my personal opinion that these types of investments are good for those that want to create monster portfolios not buy 1 or 2  and when they go well buy one or two more over the course of a few years.. 

So you favorite the ones you like, clamp your numbers and max bid, and robotically go back in and bid again, lose again, until you win.

I will have to find a good real estate lawyer in Atlanta first.I also called the IRS in regards to some questions and all I can say is I want their job, all they did was refer me to publication this and publication that, they sounded like a robot.

@Michael SwanBe careful,my friend.No matter how deep your pocket is,the Midwest will screw you.It may be way more painful on the monster bigger deals actually in my opinion.If you have tens of millions into an apartment deal gone wrong in Cleveland,it hurts in 10 million more ways.Going big does not eliminate risk.It amplifies it.And a deep pocket can be wiped out by a big deal gone  wrong as easily as a newbie could get wiped out on a smaller deal gone wrong.I’m with @Jay Hinrichs 💯 %I do now understand why my favorite BP blogger (wink wink) packed up from Lima OH to relocate his investing to Arizona.

Robert Karpman needed a fertile place to germinate a potential cure for billions of dollars wasted on health care, Scranton checked a lot of boxes.The orthopedic surgeon, entrepreneur, and Cornell professor from Ithaca, New York, needed somewhere to grow Medi-Trust, a robotic assistant that all but guarantees people who struggle to manage medicine regimens can stay on track...'

Some properties will be monster awesome deals, some will be ehh deals.

It's a different business with more moving parts, but if you do it right, it can be a monster source of passive income.