Just for giggles, maybe he started by wholesaling and made enough to buy his first place that way.So he wholesaled maybe 10 properties netted himself maybe 50 K, used that 50 to buy his first multiple , then he added some value held it for a year , then sold it for a gain on his money of lets say 85 K, and during this time wholesaled 10 more properties giving himself 135 k.

@Shea DavidsonA servicer will not teach you or provide any advice - because if they do and something takes a left turn they could be held liable.

This is because the security deposit is the tenants money, held to secure the property. 

By the end of our buying run, I was buying the condos sight unseen.We held these as rentals and did not over rehab them, just did what we had to and that was better than most of the rest of the neighborhoods.

I have bought, held and sold over 20 SFH and duplex units in my previous real estate "life" as it were.I realize that analysis paralysis can be very real, even more so for someone like myself that needs to see numbers that I find attractive and reasonable. 

There is a great meetup held in York the last Tuesday of the month at the Four Points Sheraton on Rt. 30. 

And in fact, I would have lost less money had I sold for a loss in 2012 than I will having held onto it as a rental, even though it has appreciated.

What if in 30 years when you want to retire the market is down and you can't sell and you held on to this property for so long and have to wait another 5 or 10 years for it to pick back up?

3) Is it held in your name or a company name?

Will the property be held for 5 years and then sold?