Reduce consumer debt, increase your income, and buy fantastic deals that cash flow.

And it is time consuming.

Since it's about 250K-300K, and since I don't have that kind of cash myself, I was essentially going to partner with fam & friends and we'd raise enough for the down payment (if I can find a lender who's willing to loan that low) and split the returns.Account Closed Definitely agree with having a list of investors including those who've committed to the deal + backups who are willing to step in in case others pull out.

I have a master's degree in organizational psychology with specialization in consumer psychology.

If you ask people who've been in business for 10+ years, what they would tell their younger self, many will say they wish they started earlier!

Also check for any complaints with the BBB or the licensing board.Check references and never give them any money until all the documents are received and checked out.Hiring a contractor is serious business and, at least in California, there are protections available to the consumer.

STRs just offer consumers and property owners too much advantages. 

Real estate is tough, expensive, time consuming, and if you aren't driven, you'll just be another person who  tries it and fails.      

I know a ton of people who've made an unreal amount of money investing the SFH route.

I have sold property there as a realtor and I know their inspections are ridiculous and time-consuming, does this apply to wholesaling as well, any help would be appreciated.