I personally like new construction in the SE in markets like AL, SC, FL, TX, etc. where you will see strong cash flow and strong appreciation in both rents and market values. 

Hello all, I just passed the RE salesperson exam in Michigan and now I am looking for a Brokerage to hang my licence. Does anyone have any recommendations? What should i look for as a newbie. Do some companies offer p...

Hi @Roy SchauerWe have not discussed rent credit per se (I'd not even thought about it).That is probably the right word for what I was thinking - taking over his mortgage at its current balance (or a new mortgage for the same amount).Yes, the owner is pretty ready to get out from under it, especially after we moved back in and I blew up his phone the first week with gripes about plumbing leaks, but he is not what I would call a "hugely motivated seller" and has very poor financial skills, and so is pretty attached to his price.

If you're a Grant Cardone fan he detailed a bit in his show about purchasing a total of 2 or 3 apt complexes in SE US that totaled over $100m for the total purchase price in one transaction.  

That's not really investing, per se (i.e., it is not the actual buying and selling of an asset). 

Here's just an outline:Legal (entities, transactional, consultation)Accounting (tax prep, possibly payroll)City business licensesTaxes (SE tax, Cap Gains tax)Closing costs/title insuranceHomeowners insuranceBookkeepingProperty taxesAgent/Broker feesProperty management feesHard money feesThe opportunity cost of money and time.That's just a short list.

You will find there are a lot of other SE WI investors in the BP community. 

What kind of % down would new investors be looking at when trying to obtain a STR in the SE Gilbert/Chandler area?

This type of listing is illegal in many states.I am not against wholesaling per se, but can't say the same for some of the frequent posters on the site, who vehemently oppose it, and will continue to oppose it until their last breath...lol.   

Honest question I didn’t yet see - just for conversation, not debate per se...