Their perspectives have been invaluable in highlighting the nuanced balance between the challenges and rewards this venture entails.Self-managing, especially given the property's distance, presents unique challenges, primarily revolving around the commitment required for regular maintenance and promptly addressing tenant needs. a property management firm I'm considering offers a fee of 9.9% or an intriguing maintenance-only service at $95 per month.

I strongly favor regular price reductions until leased out.Most people make the mistake of letting it sit too long when simple math points to that fact that 2 additional weeks of vacancy at $1000 per month equals $500.

Also helps you build your network by interacting with buyers and sellers on a regular basis. 

Cedar offers natural resistance to rot and pests with a great look that can enhance property value, but at a significantly higher cost and it requires regular maintenance to retain its appearance.

And of course this is free to agents and those doing business with the title company regularly. 

Adam Hey Adam, In Wholesaling, you are acting as a principal (buyer) in the transaction so you would just need a regular purchase & sale agreement with "and/or assigns" language and a marketing clause for you to be able to promote the property while you are under contract.

I bought regular home insurance, just like for a regular house, then a $2M umbrella insurance policy on top of that for just $500/year.

Your DTI max is 43%, so with being very negative on cashflow, that means your regular income would need to be able to support it but at least the option is there. 

You'll still want to vet them like a regular borrower but make sure you're first position in the loan and have an attorney draft up the promissory note for you with the asset as collateral. 

In my estimation this would be a Denver Real Estate mastermind, where we meet regularly, discuss our current status, our goals, and help each other progress forward.