Any crisis in Europe would directly affect China.The global economy is susceptible to a meltdown.

Here is a section from my FHA loan (emphasis added):"Borrower shall occupy, establish, and use the Property as Borrower's principal residence within sixty days after the execution of this Security Instrument (or within sixty days of a later sale or transfer of the Property) and shall continue to occupy the Property as Borrower's principal residence for at least one year after the date of occupancy, unless Lender determines that requirement will cause undue hardship for Borrower, or unless extenuating circumstances exist which are beyond Borrower's control.

The local bank/credit union will not only debt service the mortgage on the apartment but also do a global debt service on your personal income and personal debt. 

But if you truly want a wholesaling business, with emphasis on business, then you need to be extremely consistent and persistent with your mailings.

I'm a recent graduate of the University of Connecticut with a B.A. in Economics, and I work as a global operations analyst.

The emphasis in bold is mine.

@Roland Rasos  I would put an emphasis on your client's strategy.

Emphasis on handful.

.* Monetizing your Overhead with rent collection* Depreciation and Appreciation of the property* Landlord Experience recognized with rental income on your tax returns* Seller Assist up to 6% and potential Lender Credit Allowance with Direct Lender* Can use 85% of the income on the other rental units toward your Global Income for Purchase Power on a home.Things you need to concern with;* Transportation should be close to the building for better renters* If living there would need to decided on allowing Section 8 rentals* Pets being allowed* Required to live there up to 1 yearLet me know if you have any questions.Regards,Joe Scorese

Those are in-demand jobs where pay ramps up quickly as you gain skill (takes about 8 years to become a master plumber, and any master who's not making 6 figures is doing something wrong), and they really help you know what you're dealing with as you buy houses in need of renovation.I sort of combined 1 and 3 - ran global groups of software engineers for years, then used the money to start my first business.