You'll also have to account for any marketing costs, holding costs, permits, closing costs, taxes, insurance, etc, etc...You might consider diversifying your investment by let's say just for example's sake:- Buy a $20k house with $10k repairs, and re-sell for $45k- Buy a turn-key rental for $40k for cash-flow and appreciation- Buy a private mortgage note for a property valued at $50k at a discount for $25 and receive cash flow payments and appreciation- Buy a $100k house on a lease option/purchase for a 3 yr term with $2k down, then sell it on a lease option for a 2 yr term, receiving $5k down and future sales price of $115kYour Options Are Endless

There are endless resources here on BP, the podcasts and Ultimate Beginner's Guide are great places to start.

Always nice when people appreciate my endless ramblings ;) 

They are sloppy with everything and you'll waste all your time correcting their mistakes in an endless email chain that will have you doing emails all damn day.

haha).And I agree that archived versions would be great for those who can't make it live.The possibilities are endless.

I don't want this venture to be like a blind man walking through a maze.

I'm based out of the Bay Area, CA where housing demand continues to outstrip supply and prices/rents seem to escalate endlessly (famous last words I know).

There are endless places to find contracts in this day and age like the forms section of BP and if you join any FB groups on wholesaling usually the owners have some on there as well.

Most of the talk is either (1) disguised advertisements to drum up business or capital where the investor is spending someone else's money or (2) desktop research and endless chatter about "the market" with no actual investing discussion.

I realize there are endless pitfalls and lessons learned and I want to grasp as much of these as possible using Bigger Pockets.