It could be quite lucrative and hands free as long as you have the right systems in place. 

Hence, your goal should be staying on the first page as long as possible instead of picking up a few bookings from different places.  

As long as you understand how to underwrite a property you get from a wholesaler you will be able to get good results.

As long as I don't lose my job and don't have any major financial surprises, repaying this loan is not a problem.

To be fair, they sold me the home, so as long as it ends up in the rentable condition noted in the purchase agreement, I see no responsibility on their part to stick around for another 2-3 years.

As long as you are in a decent area and do proper screening, you will be fine in NJ. 

On the other hand, you can flip in any neighborhood as long as you are buying at a steep discount below ARV. 

I understand that as long as I have the deal, I’ll be able to source the funds from financial institutions, private money investors, and the liquid amount I have to meet all financial obligations.Looking forward to hearing your thoughts and advice!

Deduct NEW property taxes after you buyDeduct home insurance costsDeduct maintenance percentage, typically 10%Deduct vacancy+tenant nonperformance percentage(we recommend 5% for Class A, 10% Class B, 20% Class C, good luck with Class D)Deduct whatever dollar/percentage of cashflow you wantNow, what you have left over is the amount for debt service.Enter it into a mortgage calculator, with current interest rate for an investment property, to determine your maximum mortgage amount.Divide the mortgage amount by either 75% or 80%, depending on the required down payment percentage - this is your tentative price to offer.If the property needs repairs, you'll want to deduct 110%-120% of the estimated repairs from this amount.Be sure to also research the ARV and make sure it's 10-20% higher than your tentative purchase price.As long as the ARV checks out, this is the purchase price to offer.It is probably significantly below the asking price.

Cap rate is a good metric.... as long as you know if all the expenses are in the scenarios.