He has no real estate background but does have more of the money to invest.

Wholesaling can be a bit of a different beast compared to buy-and-hold strategies, but with your background, I'm confident you’ll pick it up quickly.I’d be more than happy to share some insights from my own experience in wholesaling or answer any questions you might have.

I run my entire "empire" using Excel/Sheets for tracking expenses, Apartments.com for online payments, MysmartMove for credit/background checks, DocuSign for electronic signing, and Zillow & turbotenant for posting up listings.

You’re going to have a legal local lease made up, research the local laws, make sure you don’t even appear to discriminate, figure how/where to advertise, do background checks and so on.

Background information - I have secured the property, have changed the locks, and the previous owner has not occupied the property in over 5 years and has mostly likely moved in with her daughter in a different state according to the neighbors.

Long-term rentals have their own set of fixed expenses such as background checks and optional property management, with variable costs like vacancies, evictions, and utilities, and unexpected expenses like tenant damage and unpaid rent.

Hi Logan,To give a bit more background...Right now I'm trying to stay away from student rentals, though being in Mt Pleasant and Big Rapids that might be hard to do.

Our background is in architecture, so trying to learn more about the business and financing side of the game. 

Do the credit/background/reference check3.

I am starting from ground zero, with no prior background or capital to invest, but with a strong desire to create passive income for my family.I currently work as a middle school teacher in California, and while I love my profession, I have a strong desire to explore avenues that could potentially provide financial stability and additional income streams.