I am quite excited and motivated to get to my first few wholesale deals out of the way in order provide enough capital to move into a more burr focused model which may include rental units before executing on that final "r". 

I think that model with the least amount of risk right now is buy in a good school area (7 or 8), 20-30K in rehab and rent it out for 1-2 years while the market appreciates. 

It's a business model for thousands of small-time property managers the gurus always fail to mention when they hype the benefits of running rental properties far from home.

I’ve seen some interior remodel apps that look incredibly helpful and have looked at the touch screen models too.

I know the residential assisted living model is very successful in the Phoenix area. 

@Brian Hill you should reach out to Lane Kawaoka, he's on here or his website is simplepassivecashflow.com.He is in HI as well, and has a good model for building passive income.

Build valuation models, how will you analyze properties, what are you looking for, do you know the key metrics and comps?

I don't have a financial model or anything like that, it's just taking the time to do the research, analyzing all the inputs and deciding if something is worth the risk.I absolutely HATE debt. 

We have such low inventory with virtually no builders building spec homes around here - if the numbers dovetail in with what the market will support, I'm hoping it's a strategy I can repeat, then move into actual spec homes once that model has proven itself.

I'm obviously intrigued with the even more passive income model once the park is strictly renting out pads and all homes are owner owned.