(Wholesaling) Find deals by sending out mailers, figure out what house owners need for their properties and what you are willing to pay, agree on an acceptable price, put the house under contract, and find a suitable buyer for the propertyAs mentioned above, please feel free to correct my ideas or suggest a more efficient method of getting started in the real estate businessI look forward to talking to some of the awesome people that use this forum.

It takes longer, costs more, and suitable comparison properties are much harder to find.

Which leads to another generalization: Areas that only get 0.5%/m RENT return, aren't suitable for BRRRR!...

Make sure they can.As far as the suitability of the GP/Sponsor, I don't have great ways to determine as how do you really know if the person you deal with is a good person?

I know permits can take some time but suitable drawings for the township and GC should be a couple days max if you have a clear plan.

On the positive side, he is also an investor and knows what to look for while we try to find suitable properties.

Locating the suitable replacement property first is a sure way to help reduce risks in a 1031 Exchange.  

@Dori Arazi, if timing and identification of suitable replacements is troubling you with the 1031. 

THE IDEA: My sister and I could partner up and find a suitable duplex, triplex or ideally a 4-plex and SHE would move in to one of the units for a year while we rent the others out.

It always interested me but seems like finding a suitable tenant/future owner is hard to come across.