It offers immediate cash flow and diversification across different real estate classes and markets, freeing you from the headaches of active management.

STRs can have higher cashflow but higher turnover and needs active management and marketing.

I would appreciate it very much if someone who is involved in real estate in Memphis, either as a realtor or as an investor, would private message me so I could have a text conversation and ask my questions.The land bank is an interesting place, currently there are 2,770 properties for sale in the land bank which almost half of what is currently active in the local MLS.

I have a similar setup, but not for real estate, so it might not be 100% relevant.1) My partner and I set up a Partnership (ill tell you why next).  2) Then each of us set up S-Corporations, which is also owned by our wive's (could be owned by a trust for further protection, but I haven't).The reason we did a Partnership is for two reasons 1) You don't have to abide by the ownership % for your distributions (mostly), and 2) it can be owned by another corporation (S-corp can't).Again, this isn't for real estate, and could change because it's passive versus active income, but with our personal S-Corps, we can set up different strategies that i won't get into here.Feel free to reach out and I can introduce you to him.  

@Ryan Jones is a BP member, but he's got a lot of little kids, so he's not as active on the forums as he used to be. 

Original “living room”New: Office SpaceOriginal BedroomNew BedroomOriginal BathroomNew Bathroom: View 1New Bathroom: View 2INTERIOR PRODUCT AND DESIGN CHOICESCooking and dining together is a big family activity for us.

I'd be happiest being quite an active investor and property manager.Of course, given my wife's job there's a also a huge incentive for me to qualify for real estate professional tax status and (if I'm reading things right) maximize our paper losses.

This is also why its important to keep rental licenses active.

Anyway, as I am actively searching for and applying for new positions, I am and always have been interested in wholesaling as a way to supplement income.What are some tips, pointers and or resources I can use to help me get the ball rolling?

Does that just increase your hold time, so decreases real estate activity?