Hey BP,

Started the year with reachable goal of 5 wholesale deals this year. Between being a new (2 years on the job) fireman and tackling a different avenue of marketing than I was accustomed to. So last wee...

The question then is: As time is money, does the amount of downtime trying to prospect for those few wholesale flips with enough spread exceed the time spent finding and putting together other types of flips, i.e., short sales and REOs???

That's what I mean like what should I be doing in my down time to help..

One of the things that I do is keep a waiting list of prospective tenants so if someone leaves you do not have any down time on rental cash flow.

Listen to all the podcasts in your down-time.  

Let the lease go month-to-month and start showing the unit before the summer, so that way you can mitigate the downtime on the unit. 

Then you'd have to choose another, maybe at a lower rate of return, not to mention the downtime in between.  

Me personally i would not fix anything in the house now. it will be a burden for your grandparents that are still living there. plan ahead and have the money and the contacts ready to move in on the house as soon as you can (i also hope its no time soon) but being ready should reduce the downtime for the house. and when the rent starts to come in you can use that to pay of the rest of your loans. let your money make the money you need to pay the loans... 

The next day I started listening to Josh and Brandon on the podcast because I have a fairly long ride a few times a week to pick up my son and it was an educational way to use the down time.  

How would you handle the downtime that the tenant will experience?