You'll also want to ensure you have a good property manager to look after the upkeep of the property if you are not there to notice anything deteriorating or which may need attention.Creating an LLC in California could cost you a minimum tax of $800 every year.

Many of us regularly see aggressively modeled exit caps...and the +10 basis points per year rule of thumb is arbitrary. 

You'll use all of the regular professionals you normally would. 

You can not deduct the down paymentYou can deduct any costs you incur to upkeep the property(Repairs, insurance, taxes, depreciaiton, etc)Whether you can offset the rental loss against other forms of income depends on whether the property is considered active or what your income level is.

But I regularly use credit to run my business and I would not change that.

Most tenants appreciate I upkeep my places and I am friendly with them but do hold them accountable when it comes to a tenant following the rules of the lease.

Do you still use a regular purchase and sale agreement with the original seller with any included addendums specifically for wholesaling, and are you legally required to verbally disclose to the seller and buyer or do these disclosures just have to be in the contract itself?

Not to mention the upkeep of the new property, and its loan stress.

- Problem with compass is I believe they're too much investing into tech while it doesn't necessarily translate to bigger productivity and sales- The EXP model is actually significant changes where it tries to democratize the revenue by sharing it among team and leads- I would like to say the Exp is offering new business model in RE agency, while other agency is more like traditional where individualism performance is the key ; Same concept in used car you have regular used car dealership and you have car max which offer no haggle price.

I’m also a government employee and have used a loan ($50k) to cover the rehab of a property.I don’t see it as an all in thing, as a fed, you are working towards a pension, social security, still putting in 10% into a 401k (with employer match)  and have a regular w2 income as long as you want to hang around.