I live in New York metro and is almost impossible to to invest here due to the high cost of properties and tight ROI.I'm looking to make my first move out of town but have no idea how to go about it.I constantly find deals that are interesting but then what?

This is not to to be pejorative against sailors, of course.Eventually, they all go bad. 

The lender requirements will generally be something like "net worth equal to to amount of loan and liquidity in the amount of 10% of the loan".

If it can be reasonably established that you could have listed the property as an agent and chose not to, to assign a contract at a higher price, you are entering a net listing type arrangement, taking a profit that otherwise would have gone to your client, the owner.

It's really not a question of whether a good property manager is costs effective, the question should be how do I find a good property manager.One of the best websites to go to to look for a good property manager is www.NARPM.org (National Association of Residential Property Managers).

In MA you do NOT need a different license to to a commercial deal; it is likely the same in your state.2.

@Rich Hupper the key to wholesale is to move that property in 30 days or less, which means that you have to move fairly fast, I never put more than $100 as earnest money, I have actually put $10 to open title many times, you can ask your buyer (The person you will assign to) to deposit the escrow (Whatever you ask them to lock them on the deal anywhere from $1000 to 10K depending on the size of the deal) on the title company or a check payable to you or your company, and then when they close you get your assignment fee.

It is a pleasure to to show appreciation in all things and also the duty of all humans.

I'm going to to the meeting on the 12th of February. 

You get the peace of mind that if something happens to your cash flow, you can exercise the advantage that you have just bought yourself and be able to to skip a payment or two.