Thats awesome you can save 40% man... very impressive and you have tremendous discipline Yes, that's a great book and starting point. 

I was under the impression that rates were around 5% (or lower) for 80% LTV loans, however im getting quotes for as high 5.75%, and some big bank lenders aren't even doing 75% LTV loans.

Im new to the wholesaling business and after calling a few title companies Im getting the impression that Assignment and/or double closings are somewhat “frowned upon” from the perspective of the title companies.

@Edward Burke, no ‘judgement’ here on self-managing, but I must say I am impressed.  

That's a pretty impressive outcome. 

Skipped over the analysis paralysis and taking action.I’m currently located in West Monroe, LA and first impressions are that it’s a small market with Tax delinquency and landlord investors as my current approaches.

This person seems more like a hoarder of money than an investor and I am not impressed.

Since you have 50k available, you should jump on a plane with a cheap fare over the weekend, stay in Michigan, look at the 5-10k properties and then be able to come away with the impression of whether you want to go further or not.

I’m sorry I gave that impression.

I was impressed by his BP podcast at the time even looking him up online for more info on his magic "freedom number" and his impressive marketing skills.