My main goal is to find something relatively close to the DMV area but without the DMV price tag.

The most important rule is to have the cash flow of the new property be able to pay all its expenses, mortgage, AND the line of credit back.

Another option is to split the cost based on the number of occupants in each unit but this also means you'll need to adjust the charges as tenants move in/out, so it requires more work and I wouldn't recommend it.

One of those options is to let the tenant know you won't renew their lease, then offer them the opportunity to leave early if they find another rental.

The plan is to transition into a new home in 2025 or 2026 while converting this property into a long-term rental.

The key is to quickly get in and then out again.

If you can solve their problem, you can usually buy the house.When you are a new wholesaler, the best thing you can do is to get some reps calling and looking for another wholesaler in the area, before you put your own money down on it.

Unless you use a local professional familiar with the market, who you trust, best way to know a good deal is to study the market.

My goal is to purchase my first property between now and mid to late 2025.

@lee sanders    the key is to have good property management, i had a 2 family I loved and sold it just to get away from the tenants.