I'm very new to this and would love to get your thoughts on this and are there any downsides to the process? What kind of documentation I need to get so I don't lose my capital.A neighbor of mine came with this ask of...

Cash flow is hard to come by and I have considered looking elsewhere in more affordable states.

There will be multiple markets you can achieve a 7.5% cap rate especially if you're buying with cash.

Definitely don’t cash out your retirement funds.

hey kenneth, It is really difficult and any market right now to find cash flowing deals.

Domes are probably the cheapest to get up and offer good cash flow.

My question is: when wholesaling, after finding a great deal, do you need real proof of funds to the get the property under contact or is there a way to get it under contract, find a buyer and complete a double closing/assign the right to sell without actually having the cash for the property? 

The issue is his definition of cash flow. 

How much would you spend today for a monthly cash flow of $40k?

If they’re underfunded, you could get hit with special assessments.Since you want to stay local and focus on cash flow, commercial makes sense, but have you considered industrial or flex space?