Your accountant probably sees your idea of going forth this way as a waste of money, and without knowing what those costs are in California I'd probably agree with him.  

@Deepak Sukhija - I agree with others that you should talk to a few lenders to get an idea of how much of a down payment you'll need to execute the deal.

100% agree with @Jay Hinrichs!

(If curious, my residential real estate investor clients from 10 years ago [you can find my 10 year old bigger pockets dot com posts :], at the time buying up 2-4 unit properties, a lot of them are now done with the 'human' tenants and want to 1031 into something that is ACTUALLY passive, so yes Starbucks comes up, thus I watch it).In my case I zoomed all the way into a specific brand (which then allows me to make very sweeping generalizations across an entire state -- but still not the entire country), I'm not suggesting you do that, but SOME of the variables need to be narrowed down, before you can gain any useful insights. 

I agree with Nathan for his situation of owning 12 properties, but for someone just getting started I wouldn't suggest getting locked in with the one-time fee.

#1 it's a big country there's a lot of stable areas to choose from. #2 personally knowing and networking with people definitely helps build a more trustworthy reliable team. 

A good example to reduce your potential costs without raising rents is to have the tenant agree to handle all repairs under a certain amount.

I agree with the others who have said getting a second job is better then wholesaling.

Hi Jonah, I agree that there are a lot of very bad deals/sponsor out there. 

Know exactly what you’re agreeing to.2.