I'm actually located in Illinois. 

It's a hobby for maybe 80% of the people who say they are wholesalers, and maybe 10% of the wholesalers in SA or any big city actually have a business. 

I was actually considering doing a shorter mortgage term to gain equity on the property faster.

Today, for example, I had to leave work to run a toilet to my plumber because when he took off the old one, someone had done a hack job on the remodel plumbing and damaged the flange and we actually needed a smaller toilet than was on it (10" instead of a 12").

I did it to get an answer, I didn't think I was actually going to be invited onto the podcast though. 

Do you mean just for "cold texting" or even when interacting with clients or responding to real, actual leads?

In this case, would he actually need to pay any money for the down payment, or does it basically cancel out in the debit/credit line items?

We cap the rate for utilities and actually added about 10% above our normal average this past year due to rising utility costs in our area for gas and propane.  

The BP function allowing you to check references and actually talk to real clients of those QIs is a great advantage.

It will also allow you to focus more of your time and resources in the actual real estate vs. raising capital which usually leads to poor real estate acquisition and operational decisions because raising capital is your full time job leaving an inadequate amount of time for the real estate.OK, chasing 32unit apartments, acquisition priced between 3.2M - 4.8M.