Quote from @Adam Macias: Wholesaling as it is today will be a thing of the past.It’ll truly be strange to even hear people and gurus trying to make big money off it.The more people try wholesaling but then end up not having an end buyer or cancelling contracts or trying weird things like novations, the more all of real estate will be regulated and cause requirements like licensing to be able to transact more than just your personal resident purchase.Which I don't know why hasn't happened sooner.Here's all the states (in red or yellow) requiring a license to wholesale or at least have started the process:Credit: REITipsterI think licensing and regulation is a beautiful thing that should happen if you plan to be an wholesaler and do more than one deal... which is going to be the case for anyone taking this business seriously.Or even it being regulated to need a real estate agent to do more than one deal outside of buying a personal residence.I've had plenty of failed attempts with agents in pursuit of wholesale deals and I know exactly why, it's not because the agent couldn't find me deals, it's just not practical to think there's opportunity for the numbers a wholesaler needs to make a profit on top of everyone else needing to these days.Because the only sellers who truly can sell at a deep enough discount are usually those who ran out of time and just didn't do something sooner with their situation.I know many coaches and gurus will disagree with me but there’s no regulations on youtube gurus and what they teach either.If we look at the current state of the market in hot cities, the availability of online resources to the average homeowner, how many deals can you possibly believe are available at 70% of ARV?

@Anthony Becerra I believe you are looking for a pre-approval letter.

I am reading a bunch of real estate investing books , talking to realtors & loan officers, and trying to educate myself best I can.I'm also looking to expand my network within the real estate investing community, and I believe this is a great opportunity to connect.

But some believe condos are riskier due to potential mismanagement of the community by the HOA.As an out of state buyer seeking a low risk/maintenance LTR, are there any glaring downsides to buying and renting out a condo? 

I believe the "wealthiest" person is the one doing what he loves, while surrounded by people who love him.

Also pet rent is now capped at $25/month.Thank you for the update, I believe the security deposit for leases signed after October 1, 2024 is maxed at one month (including any pet deposits which must be refundable).

I believe that's their primary business model.Seems like this would be a great bonus! 

You could do your work for free and it would still be too much for them because you don't do things the way they believe is right.I recommend developing owner-screening criteria to make sure you bring on the right folks and the right properties. 

I believe they will continue to respond to all notices where they are required to do so.

I personally believe single family produces the best rents and appreciation.