I'd much rather be a recognized business with hundreds of properties that banks jump at the chance to lend to than a "nobody" with tons of hidden assets that has limited access to debt/capital to continue to grow with.

It wasn't a huge deal as I recognized 90% of the issues beforehand, but some of them weren't noticeable until after a tenant moved in and ran into an issue down the road.

Wholesaling might be easy money to some, but believe me, it has proven to be a business I need to know before trotting into it!

Yes, some are not as good as others but as you read them and any book you can get your hands on about business, real estate and finance you will start to recognize and differentiate those who know from those who pose.

Most franchisors and banks will not let you maintain the flag (brand) or finance the deal if you do not have a proven track record or a management company in place.

Makes sense but I'd also confirm the markets check out based on other criteria that's been proven over time.

So the grass was already green under our feet....we just needed to recognize it!

It's a terrible picture, but maybe someone can recognize it.

He can sit and do nothing.There is nothing in RE that you're going to think of that hasn't been thought of before, there are usually tried and proven, legal methods to accomplish a solution for just about any problem you can face, so ask instead of creating things.

I would just caution you not to be a pioneer on your first project - that's how it can easily become your last.The best advice I ever got (and often repeated on this board and elsewhere) was to find a partner or mentor with proven ability to teach you the ropes.