So there's something else at play herehttps://www.auction.com/details/6735-se-flavel-st-portland-or-97206-2154797-e_7056h/

Better - find off market homes to buy: let me know if i can se you up with someone that can help you with that in the city you are investing in! 

@Jay Hinrichs, yep I agree, a guaranteed payment (ordinary income) subject to SE tax.I should have been more clear in my original post.

Only pay 1/2 of the SE taxes.

.- FHA 1-4 unit owner occupied, needs 2 years tax returns and 2 years in the business so you'll probably need till 2 years of returns are available or above with conventional loan programs - DSCR loans wont care about your SE or self employed income since its qualifying purely based off market rents, your reserves in cash/stock/savings, and fico scores- HML or hard money lenders - are ABL or asset based lenders so they dont care about your credit or income just liquidity/reserves/cash/savings/stock + the property in question- fix/flip lenders (HML above with more items) usually care only about min fico scores, the ARV value, the as-is value generally these need a BPO (broker price opinion) or appraisal in order to finance.

I understand Bill's point about finding buyers first, but if someone is just starting and maybe they are doing research using listsource for example of where the cash buyers are buying, then they wouldn't know the buyers per se, but just the hot areas they are buying in.Well, that's the end of my reply's in this post, if Bill the RE wiz or anyone else wants to trash me any further, feel free.

Another area that has a similar mix of properties is East Kent Avenue, south of SE Marine Drive, overlooking the Fraser River.  

(not that you have to start wholesaling, per se). https://www.biggerpockets.com/forums/93/topics/204099-wholesaling

If you want to chat more about SE PA feel free to reach out! 

@Jess WhiteFor me diversification in RE means investing in different markets that are independent from each other..I currently invest in SE came very close in entering a new market in Midwest I decided it wasn’t the right time for me to start hoping to enter the MW soon if not this year maybe next..