I just looked at a place that would be worth double if it was a street over even though it's in the same zip code for example.Welcome!

He buys small barns and converts them into 2-3 bed cabins.

Purchase price: $271,000 Cash invested: $30,000 Duplex with 1 bed, 1 bath in each unit + 3 car garage in a great neighborhood.

If you want to mitigate all risk, sell your real estate, and hide the cash under your pillow, and don’t get out of bed ever.

So when a potential guests looks at a property before going to bed and then they wake up and decide to book the rate is jacked way up and they message me asking what is going on.  

Try to get 2 bed, 1 bath each unit duplexes minimum as tenants tend to stay longer than in smaller units.

This means you will need about 18+ loans each at $30K earning you monthly passive income (with double digit returns). 

. - The 13 unit I went in on has been almost 2 years and still hasn't had the framing inspection passed- All my taxes doubled on my rentals, so now my cash flow has plummeted. - I've had multiple vacancies, including one where the tenant left after a year and cost me $6k in turn costs.

That's the only way you will know if it's legal.In a true wholesale deal you are putting the property under contract, then either assigning your contract or double closing. 

MAREI meets next week - we have a new meeting place starting on the 12th at the Double Tree.