I highlight this for two reasons: one is that wholesaling will take time and energy today to set up (even with systems) - and even longer to be successful.

My name is Ismael and I am thankful to have found this site - your inputs have already saved me from several "guru" predators and highlighted creative strategies I had not considered as I look to accelerate my real estate investing.I look forward to learning from your shared experiences and providing some input of my own as I progress.Best regards,Ismael ReyesMI Real Estate, LLC

My name is Ismael and I am thankful to have found this site - your inputs have already saved me from several "guru" predators and highlighted creative strategies I had not considered as I look to accelerate my real estate investing.I look forward to learning from your shared experiences and providing some input of my own as I progress.Best regards,Ismael ReyesMI Real Estate, LLC

Today we got the first confirmation that other asset managers may have finally given up on the rental conversion strategy, following the observed collapse in multi-family housing starts which crashed from 376K to 234K in April (the lowest since last summer), a drop of 142K and the worst monthly drop since 2006 when the housing market had once again peaked and was about to undergo a very serious correction.http://www.zerohedge.com/news/2013-05-16/multifamily-starts-suffer-biggest-monthly-plunge-2006-reo-rent-recovery-deadIn addition to the money-laundering aspect (confirmed previously) and the REO-To-Rent scramble by PE firms and hedge funds (which is now over as PE become active sellers of apartment rental properties), we highlighted the third implicit subsidy to the housing non-recovery:Foreclosure stuffing.

Don't let one sensational story cloud your judgement. :)

As for the car repair on property, they lease should stipulate that or the "building rules" should highlight that fact.

You can get a great deal, but you do not build instant equity after closing for financing or accounting purposes, gurus use these claims to add sensationalism to their claims.

You're right, many non-investors don't understand the full impacts of Dodd-Frank but I have read many articles and seen many news reports that highlighted the issue of DTI.

Essentially don't send me ... or many times i will say look out and high light for me a property that may scare others away and is priced accordingly or a property that seems to be priced a certain amount below market.

. :)Above is a highlight of my typical before closing requirements.I might have miss a step or two , FYI