As mentioned, some people, be they investors or just owners, see how great it would be to generate what they think is a steady income -- just with a huge counterparty risk if they are extending credit to a nonprime or subprime borrower...As mentioned, using this strategy when you don't have the resources and/or credit to back this is a recipe for a bunch of disasters. 

Speak with lenders to be pre-approved for financing, and look into choices such as portfolio, FHA, and conventional loans.Use resources like the BiggerPockets Rental Property Calculator to thoroughly analyze offers in order to assess possible cash flow, return on investment, and other financial parameters.

@Karyn NavinWelcome to Bigger Pockets. 

Hey Julie, Welcome to the Bigger Pockets community.

I've built my own portfolio of rentals, and also helped many Bigger Pockets investors build their portfolios in Sac.

Hey BP FamI'm new to Bigger Pockets but looking to make great connections.

Several times I've wanted to give up on wholesale because no matter how hard I work at it, with very limited resources, it's just not working for me.

I would have preferred to continue working with the same person as they are very experienced with great resources but have no patience for unresponsiveness. 

That might be a bigger racket than HOA management. 

I think the bigger question is what are the long term goals?