I'm still a novice attempting to grasp these concepts...As a wholesaler, when you assign or sell a contract to an interested buyer, (and are not principle in the transaction) should you require a license?

I feel I have a grasp on the basics, and I'm continuing to seek mentors, but at some point, I feel I need to jump in and learn through experience.  1) I definitely agree that having enough reserves on hand to deal with the unexpected is essential.

I don't know how familiar you are with your market but it seems as if you need to get a better grasp of market values, etc. not saying this to be mean but I promise if you set the foundation when you look back at this situation in the near future you'll laugh at because you'll be doing deals legally and making good money.

Make sure they really grasp your strategy and are committed to giving you the time to help you reach your goals.

I always suggest to my clients and students that they start small and keep their risk small until they get a grasp of the market place etc.. commercial is not really my thing its mainly residential and small multi family but the basics apply to all types of RE. 

I have been very involved in my fiancées fathers business and have started to get a grasp of rehab cost.

I have done extensive research and believe that I have a great grasp on what things are being rented for an I plan on renting my unit out competitively. 

I have done extensive research and believe that I have a great grasp on what things are being rented for an I plan on renting my unit out competitively. 

Found a 12 units listed for $595,000Rent collected $79,920/yrExpenses : Tax - $ 3299Water : $ 4736/yrWaste : $ 1320/yrElectric : $ 12,240/yrTotal Expense : $ 21,595I'm new to this and trying to grasp as much info as possible to get into Multifamily RE investing.Looks like all water heaters were replaced less than 4 yrs ago.

I am looking for larger buildings, 12 plus units, and am trying to grasp the different cap rates in A, B and C neighborhoods.