For a select few, this can be true, but wholesaling is much harder to get off the ground.

Will follow up to get more details on your idea!

Hi Everyone,
I’m Brian, and I’m excited to join this community! After spending 25 years as a Software Engineering and Product leader, I’m now exploring the world of real estate investing (REI) and looking forward to ...

It just didn't seem like the best idea since selling it, we would probably only get pennies on the dollar.

Larger brokerages sometimes are in need of administrative work, which could earn you a steady income while also getting exposure to the field. 

By the time you get 4-5 rentals, you'll know whether this is for you. 

The 2nd person really liked the house and even mentioned how nice the rehab was, relative to comparables they have seen.

The third property has a nice cash flow.I am wondering if there are steps I can take to reduce the cashflow issues of the 2 properties before obtaining another property, like pay down the mortgages or should I just save the cashflow from the third property to pay for any future expenses?

.: I think you made a mistake.Yes, you get extra money.

It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.