If people are successfully doing these deals I would love to hear how you keep a bankroll to cover and scale. 

The catch is that there is literally 0 vacancy and no forclosures in my market so I don't know if anybody will be able to relate to my situation but I have actually found that this is a fairly good market to get started in because while Im not swimming in money, I know I have good renters every month which keeps things very consistent.I realize Im cutting it a little close but the surplus of renters has enabled me to get into a number of different homes by releveraging the equity from the properties that are on a 15 year mortgages and it has actually worked out fairly well and could now bank roll just about any major occurance.

Your ability to successfully interact with those that can bankroll your projects is the key.

@Kyle Payne Most people start off at the cheaper price points, build their bank roll, as well as knowledge before they move into the higher price points.

I have only a small amount of capital but excellent credit.I'm thinking due to my capital restrictions, wholesaling may well be the way to go to build a bankroll.  

Hi Nikki,If you and Mr want more money to invest with, maybe Mr. could get a weekend Temp Job from a Temp Agency for 6 months, bankroll all of it and then re-asses your situation.Although if you're thinking about putting your money into a rental vs. your own home, and intend to stay with the family until ????

When you are getting your first house and a loan for your mortgage are you getting a loan 4 the total cost of the house and money from the bank for rehab or is the money from the bank rolled into the mortgage loan?

Definitely think I probably need to start with Wholesaling and build up a bankroll and get some experience before I move on to flipping or Buy, Reno and Rent.

House hacking doesn't necessarily mean bank rolling the entire time your there.

Sounds like a description of me........but that was 48 years ago.I can't tell why or how I stuck with this crazy idea of creating financial freedom....I don't care what the books or folks selling courses say......this ain't an easy business to make money in even if you are starting with a bank roll.