Life is easy if there is only one option ahead of you.So if you need to do this right you need to do this:Rewind. let go of all the knowledge you have accumulated and all the wealth of info there is in front of you.Now, you have the blueprint of wholesaling.

I believe for long term success this is key, so in regard to income I'd focus on killing it as a Realtor and generating as much income as you can.Secondly, the rate at which you will be able to accumulate more properties will be directly proportionate to how fast you build credibility and your network. 

@Jason Jinks,A core method for wealth building is (a) accumulate cash, then (b) invest said cash into passive income.

@Steve HyznyThese are questions you should be asking your accountant as he/she would have all the information needed to answer your question.It depends on several factors1) What is the cost basis in the property2) What is the gross agreed upon sale price3) what will you collect in year 1 and what will you collect in future years4) What is the accumulated depreciation on the property5) What is the interest that you will be collecting on a yearly basis

Furthermore it takes a lot of time and money to accumulate those credentials unless you were a stud in highschool or already have the money to pay.

If that's the case, I'm planning to invest this year.Given the knowledge that I have accumulated, I could answer a lot of questions about Colombia but yours are very in depth.

The following information technologies will help you:programming language for parsing of Craigslist's announcements and to export the cleaned results to a CRMthe CRM for calls and accumulation of informationmarketing automation for a long personal impact on sellers.Strategy choiceFor beginner investors: Make your website.

So I am cash flowing 1450 - 1004 - 174 = $272 monthly and I have about 4K of my own money left into the property when all is said and done and it is leveraged at about 80% with about 40k in equity (82% cash on cash return per year).At the end of the 3 year option period, if the tenants exercise the option, I should have a payout of about 49k and I should have accumulated nearly 10k in cash flow.

I would like to accumulate some good revenue generating properties and possibly some flips.

Hey Rob - this is a great approach to accumulating rentals.