Then I would do a low risk flip ( rehab less than a few weeks) for hopefully a 10-15% profit, repeat until I have a nice down payment and am sure that I would be able to qualify for a refinance, then buy a buy and hold then continue flipping until I get to the next buy and hold - in theory, the time between each property should decrease as I should be getting capital from the buy + hold as well as I would already have my reserves built up.

Hi nice to meet you and thank a bunch this  information is so helpful i have yet to close my first wholesale contract need guidance 

. --- Who gets all the phone calls and wastes time calming a tenant down because the owner's contractor doesn't show up as scheduled after they took time off from work or a 3 day job takes 3 weeks?

These people don’t have the time to do it themselves.

In some jurisdictions, you are liable for 3 times the value of the property if you lose.

Originally posted by @Matt Millard:Seen them & Net Worth around Dallas for a long time.

Yearly increasing costs will, in time, eat up any profit they have per unit.

I am so embarressed I am sorry, this is my first time.

I would suggest that you first get pre-qualified with a conventional lender to see if you qualify for a conventional loan based on your DTI.

She needs to wait until each lease is up for renewal and raise them at that time.