Lastly, what other considerations or resources can you think of that will help me understand the process and feel more comfortable as a first time home buyer?

It’s crucial to build a solid relationship with your contractors, ensuring they understand your expectations and budget constraints.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Please note the information provided below is a layman's definition designed to provide a basic understanding for the general audience.

Hello Kaleb,I understand you're interested in wholesaling. 

Just understand that there are two sides to these transactions.

The key is vetting your lender properly—asking the right questions, understanding the terms, and ensuring the numbers make sense for your strategy. 

Since this would be my first long term rental property do you recommend starting with a property manager from the beginning or managing the property myself.I understand that there are pros and cons to all of these scenarios, I'm just looking for various insights.

Work their commission into your numbers, especially if they understand novations. 

Be sure to shop around for the best terms and understand the refinancing process post-rehab to ensure your numbers work.