( keep buyers from wasting money on DD i suspect)3.

Many immigrants send their money to another country, which means those dollars don't hit our economy.6.

You would be better off putting money into a fund that performs at 6% to 8% somewhere with appreciation. 

Currently, I live in Hawaii, house hacking my own property, and am looking to expand into out-of-state long-term rentals.My goals now are to master the art of wholesaling, continue raising private money, and build a strong portfolio of long-term rentals.

If it cannot do that, it's likely to make little to no money in the first year or two.

Many of them sell the course at 20k a pop and that is how they “make money in real estate†Sad but true.

If I could re-frame, and put myself in your shoes, I would look for a money partner to help secure rehab properties. 

But, that is where the money is.I pick up trash at our properties. 

Your name and credit would stay with the existing note, which you would keep paying on - ideally yourself with money you receive from the "buyer", because if they don't pay your credit is wrecked and your house is in foreclosure.If you search on here you'll see everyone and their brother looking to do Subto and it's a nightmare unless the buyer has the funds to pay the note off if/when the original lender figures out you don't occupy the property any more and are attempting to do what you want to do, since most loans are going to specify that performance.  

The tenants have their own W/D so I can’t make money off that.