For the past 2-1/2 weeks (took a week to realize and decide that I don't have much to lose except for a little bit of time, a little bit of gas, and a little bit of wear and tear on my vehicle) I've been doing Driving For Dollars to find these properties.

It's too bad that tax law doesn't allow for tax-free retirement savings via this vehicle.

I would also recommend something like Acorns which is a Round Up investment vehicle where you link your debit card to the account and every time you make a purchase like $3.49 for a coffee the round up to the nearest dollar amount, $0.51 gets deposited in an investment account.

Not sure how to figure out occupancy percentages or over night rates.Go on AIR and VRBO - I prefer VRBO as a vehicle....Find a property (s) that are really close to yours in size, BR/BA, amenities Etc...Start with this month, then next month, Etc.....look at holidays and special events.

The 1031 exchange has been a powerful vehicle for real estate investors to defer capital gains taxes.

The 1031 exchange has been a powerful vehicle for real estate investors to defer capital gains taxes.

It almost always costs you nothing (seller pays traditionally) and will educate you on the market(s) and tenancy profiles. 2) Buy a property(s) with long term (10+ year lease);3) Look for corporate credit rated tenants (think Walgreens, Starbucks, etc) on a Triple Net (very minimal LL responsibilities- think roof & structure) OR Absolute Triple Net Lease (no landlord responsibilities).4) Most credit tenants are experts in location selection (which again, minimizes your downside risk).... but as a rule of thumb I always prefer locations on traffic lit, hard corners with great/easy access and high Vehicle Per Day counts.My 2 cents.  :-)

Depending on the state the option for a security filing are either a UCC which is a notice of lien on personal property, or a lien on a vehicle, which mobile homes are considered in a few states.

So I wanted to wholesale (as a vehicle to eventually get into flipping) before I ever wanted anything to do with becoming an agent.

I imagine for some of the big investors liability coverage is important and probably use an LLC as a vehicle for their business.