This keeps your cash concentrated in case you later wanted to do a refinance of the lower leveraged condo.2. 

Most successful wholesalers of residential property concentrate in the areas where the real estate brokers don't function well - "ugly" houses, those that need extensive renovation, low priced homes not worth the realtors time or energy, and those homes in certain "redlined" neighborhoods where the major real estate brokers choose not to operate.

Unless you have millions lying around in the bank, I do not think it is wise to concentrate so much capital and debt into a single investment that you do not intend to keep a very active eye on.

Louis at the present time to concentrate on.  

You can see where the highest concentration of STRs is and go from there. https://www.airdna.co/vacation-rental-data/app/us/pennsylvan...Leave yourself enough $$ for closing costs, commission, taxes, etc.

Some folks concentrate on cash flow etc....

Another approach would be to have your mom's brother Bob not lose sleep over his IRA nest egg - so don't sweat the points and partner with a local private money lender so you can concentrate on finding great deals and focus on ROI.

First- you have to decide where you want to concentrate, since all foreclosures are auctioned between set times, as defined by the state.

This is a question that comes up quite often, as California holds the highest concentration of HMLs in the country. 

I concentrate on newer, nicer homes in 4 & 5 star parks.I've averaged $20k+ overall and $25k+ the last four years.My busiest years I was starting at least one new project every 30 days - coinciding with getting all the repo lists of houses to choose from.BTW - I've also had a lot of experience with doubters, naysayers (and worse).What I pay for homes and sell them for is public record - accessible by anyone online free of charge.