I know in general the market is tough here at the moment.

Good Morning,I am a former Claims Specialist with the Social Security Administration and currently unemployed homeowner who is looking for guidance on how to gain property management experience here in the Central Coast of California.My wife is the only one working at the moment, so times are tough to say the least.We're looking to rent out a portion of our home in order to save up enough money to purchase our second home (or multi-family unit), rent that out, and begin to expand our portfolio. 

The moment the first payout hits your bank account, all that goes away.

Faced with the same problem I had to begin with, credit scores aren't great and don't have a qualifying cosigner for any type of traditional loan, mortgage or any type of equity refinance or HELOC, right now at this moment.

., I'm in the data gathering phase at the moment, trying to suss out a feasible market.

Id need to read up on this last part to confirm, but that's what im drawing from memory at the moment.

At the moment put as much pressure to scare him as you can.4) Tell him you'll help at close and be there all along5) Don't tell him you're not the buyer, don't know the buyer or if there is even one when he signs, and really have no intention of even showing up at close.6) Make sure you put $0 into the deal or escrow.7) Make sure you tell everyone how easy it is to make money with $0 and for a fee you can put them on your list of hot deals without telling them anything about the properties.Sorry, in spite of your points, I run into wholesalers and understand profit opportunities. 

It was just a "wow" moment.

>I'd look to invest in small multi-family 2-4 units with a larger down payment ~50% or more (only way to produce positive cash flow here at the moment) I never understood why one would want to buy cash flow.  

Quote from @John McKee: What are your successes, failures, and aha moments?