Additionally, I’d like to understand the biggest challenges new MLOs face when transitioning into the industry so I can better prepare myself.If you know of any mortgage brokerages or lenders that are looking for new MLOs and willing to provide training and sponsorship, I would love to connect and explore potential opportunities.

Just to clarify your water usage hasn't likely gone up 20%, but rather the amount tracked amount they are billing you for. 

•Look at Rental Absorption Rates:•How many homes like yours were leased in the last 3-6 months?

Yes, there are exceptions for significant life events (job change), but each individual must meet the FHA loan qualifications on their own, and the second loan must be for a valid reason, like a job relocation or other extenuating circumstances.

Seems like you may have some overlap.

It depends on your financial strength, the quality of the property, how many properties you own, etc.I like to start with one significant expense and three months of vacancy.

. :) It sounds like you are looking for a specific investment opportunity? 

I am brand new to wholesale and would like to know what you did to motivate your first prospect to trust you with the whosale strategy and process.

Structuring the deal properly (like through a land trust) can reduce this risk.Your best bet is to connect with an Illinois investor who has successfully done sub-to deals or find a local real estate attorney who specializes in creative finance.

@Patrick Fanning like you said Tyler is an awesome salesman.