I had no money to put down on any properties, so I learned (a lot) and put in a lot of hard work and effort to get some properties under contract.Initially, I had no clue what I was doing, but I had the help of some people (and I appreciated that)I made mistakes that cost me around $30k (lost a deal due to my ignorance regarding title and escrow)The good news with wholesaling is that it doesn't take a lot of capital upfront, and you can start talking to sellers and learn about the industry in general.The other good news is that you can without a doubt generate revenue quickly if you do things correctly (having a good TC / title / escrow connection that keeps deals moving on the backend)That said, there are a few points that I've come to live by:1.

Quote from @John Underwood: I think it's illegal to have indoor cameras.https://www.google.com/amp/s/www.krqe.com/news/national/are-... 

cite=61.34.0202. https://leppardlaw.com/criminal-law/fraud/equity-skimming/3. https://le.utah.gov/xcode/Title76/Chapter6/76-6-S522.html4. https://www.justice.gov/archives/jm/criminal-resource-manual-882-sample-indictment-equity-skimming-18-usc-1575. https://www.abajournal.com/news/article/4_new_york_lawyers_indicted_in_alleged_1.4m_equity-stripping_scam6. 4 New YorkLawyers Indicted in Alleged $1.4M Equity-Stripping Scam7. https://archives.fbi.gov/archives/boston/press-releases/2011/walter-bressler-enters-guilty-plea-in-mortgage-fraud-equity-stripping-schemeWalter Bressler Enters Guilty Plea in Mortgage Fraud/Equity Stripping Scheme8. https://scholarship.law.umn.edu/cgi/viewcontent.cgi?

https://www.lisboa.pt/fileadmin/cidade_temas/habitacao/documentos/ProgramaRendaSegura_CondicoesGerais.pdfhttps://www.bloomberg.com/news/articles/2020-07-08/lisbon-s-plan-to-reclaim-vacation-rentals-for-housing

The good news is that you only pay interest on what you use—so if you don’t tap into those funds, you don’t pay for them.

We thoroughly regretted it well into the morning hours.Bad news: Most good tax accountants also have lines and a long wait, and for the same reason. 

As per chatGPT, closing costs in Ohio are usually 2% - 5% of the price, so maximum: $6950.I'm open to working with lenders of any kind to make this happen.Hate to be the bearer of bad news but no lender will touch this as an investment. you will need to come up with 25% down plus closing costs. 

Building a sport court will run like $30 grand, but would increase your rental value. a 6bedroom 4 bath house with a sport court, hot tub, fire pit, mini golf, arcade etc. will most likely crush it because it's cool.

All of Bernie Madoff's clients thought their accounts were in great shape until the day the news broke.

Fascinating how all of the reporting about it in the news media was so inaccurate though.