Up to now I've put my money into the stock market and I'm looking into diversifying into real estate as well.My current goal (assuming I decide to move forward) is to actively start in a year or two by buying a single modest place as a long-distance investor.

If there is an active loan or lease, I've heard it has become a nightmare for listings.

This is why it is important to look at the market regularly and maintain an understanding of what prices are doing.When you are actively marketing a home, I recommend looking at the market every day or two.

The new law in Oklahoma for wholesaling activity called "Predatory Real Estate Wholesaler Prohibition Act"states  that an equitable interest (a wholesale or assignable contract) can not be PUBLICLY MARKETED as shown below.

So one major repair can wipe out a year's worth of profit.

Part of the value of the STR is that we will plan to use this property 4-8 times per year.The property is a few hours from the major metro that I live in, and is a vacation destination for lots of people in my area.

While I've been able to get out of my W2 after acquiring 30 properties, I've learned that you still need to generate some sort of active income unless most of your doors are completely debt free.

Just based off statistics the vast majority of people (nevermind the vast majority of RE investors) will never replace their W2 income w/ RE income.

The majority of the contractors out there dont want to work for flippers .

Spending a couple of hundred dollars can reveal major issues.