Research competition  and determine their profitability and how much they spend on marketing, how many employees they need, and how much time the wholesaler needs to devote to the business.  

Get a side gig for extra cash flow, stop all extra spending and live like a monk. 

For me, real estate was a means to an end...so that I could spend all my professional time doing what I love: helping people and renovating properties.  

Being flexible in a way that still protects your investment can help build a better relationship.However, if they’re not responsive or don’t show good faith, you might need to take a more formal step, like issuing a notice to pay or quit.

Practically speaking, it’s going to be quite challenging unless you spend significant time.

If we decide to refi in 3-5 years, though, we may time a couple of the leases to end at the same time and spend ~$6k to tear 2 rooms down and rebuild them.

.- You close on December 10th- The property is in great shape and does not need any significant repairs- It only needs some paint touch-up and changing a couple of broken fixtures, which you do yourself- You spend the next week buying furniture, electronics and supplies and installing/arranging everything yourself- You also roll up your sleeves and scrub the toilets and sinks and appliances- You put it on AirBnB/VRBO and have your first guest renting it for the 3 days of Christmas- You second guest rents it for the following weekend and leaves before NYE- You personally clean and restock the place between these two guestsCongrats!

Your best bet is to find one that has flexible membership options, without high spend requirements.

We use a custom lease that has evolved over more than a decade to protect us and the property owners.

how much do you have available to spend on renovations?