The reason I am having difficulty is more or less what Ryan Webber said in his last paragraph regarding "tying" instead of "buying".

Ho w difficult is it to make the switch from small time landlord like myself to running larger units?

All of the difficulties that I had were caused by mismanagement by the managers I was using.

Unfortunately the reason I am more interested in wholesaling than rehabbing right now are the difficulties I would face in getting financing.From reading the boards it seems that many people prefer to double close when wholesaling rather than assigning the purchase contract.

If I were more technologically proficient, I'd post my comments here for you, but that's not my thing, sorry, so you can find them I think through my profile page.Good luck, Bill

I look forward to assisting my fellow associates here any way I can using technology and good business ethics and trading information.

Even though I made (and still make) good money in my profession (information technologies), I never had *any* extra money, always blowing it on hobbies, car payments, etc.

I work as a Bicycle Mechanic full time, I am in college at Ferris State University with a double major, Mechanical Engineering Technology and Business Administration, and am also working on a real estate certificate from the university and at the end of attaining that also getting a brokers license.

So, notwithstanding the inherent difficulties of owning property out-of-state, purchasing a property (especially a multi-family home) may not be a bad idea if I could find a property that could cash flow while using a property manager.So, presumably, after three-to-five years, if I were to return to the area, I would have somewhere to stay already.

The FHA’s loss mitigation program lists pre-foreclosure sales as one of five options that lenders have the authority and responsibility to investigate when working with homeowners in financial difficulties with their mortgage.