@Sebastien Tinsley Just copy & pasting this from thread I replied to for another young person looking to startWith little experience, it's better that you invest locally vs OOS - unless you want to invest a LOT of time learning another market and networking with th right people.Locally, look for a 2-4 unit property that will qualify for FHA 203(k) financing.- This will allow low down payment and the 203(k) allows repairs to be financed into the purchase mortgage.- The 203(k) will allow you to bid on properties that need repairs that won't qualify for a traditional mortgage => less competition => better purchase price.You will need to find a great local contractor you can trust to supply the required bids to qualify for the 203(k).- After closing, you can do some of the work yourself to save money, but the program doesn't allow you to pay yourself.You will want to buy a Class B property, maybe Class C+, in an area that seems to be improving.

Would help if you stated what questions you had so people could reply right away.I have knowledge on HELOANs but not direct experience.

I will not name every program out there because this would be a very large reply post.

Thank you for this thoughtful reply, I haven't even considered what would happen if wholesaling subj to goes bad.

Quote from @Nicholas Haubner: @Andrew SyriosThank you for your reply, I greatly appreciate you taking the time to read through and give me your advice.

Thank you all for your replies and help! 

Anytime I called or emailed, I did get a reply.

This is an old thread that was revived with the recent reply, and re-reading it now, I want to correct a couple things. 

Thanks for your reply Bill.

Quote from @Nate Sanow: Yes I own two that are near 100 years old and I will tell you they are a pain in the you know what compared to all of my post WW2 properties especially post 1980… layouts are better in the last 50 years and energy efficiency is better and I can keep going… HOWEVER to reply to the other aspect of your question, I’ve found appreciation is better with older properties in areas of the path of progress.