What was the last rent or mortgage, was it near the same amount and paid on time, that should tell you what to expect.Looks to me like he might be fine, I wouldn't get that tied up in what he claims as an expense in his self employed ventures....:)

What would you recommend far as meeting someone familar in the area and joint venture if I'm in cali?

Johnson How exciting, this is what I plan to venture into next!

(This will change in the future)The problem is neighborhoods that i want to live in due to school and work proximity have houses that sell well above this figure.Should l continue to live in my apartment which i pay 460 a month for (share with a roommate) and then look at this venture purely as an investment?

I thought it might be a great idea to start a story sharing post on how everyone first started their venture into commercial investing!

A friend of mine who use to work for a title company suggested that I contact other wholesalers for possible joint ventures.

Best of luck with your new wholesale venture.

I highly recommend it.It is written mostly with single family homes in mind, but at the very least it would give a starting good starting point for someone interested in rehabbing apartments.Best of luck with your ventures.

I am excited to participate here and get started on new ventures.

Good luck on your new venture.