Good luck on your investing and I would recommend you to finish your financial degree cause it is a good source of income to get you start up and it's always good to have plan B. 

My next actionable step is to figure out the lean cost of the startup.So far... this is what I got: Website: 1 for buyers and 1 for sellers = $25 direct mail letters: 500 = $300Bandit Signs: 50 = $175Driving for Dollars: 4 hours per month = $80 Online Marketing: Free Networking: Joining BP pro members and my local REA = $300Purchasing/ Building sellers list: using Listsource.com for 500 listings = $125Building buyers list: freeTransaction Fee: free ( I plan on selling my contract not double close ) Setting up the system: Using podio.com to track all leads and using ringcentral.com to manage my calls = $35Total Cost of Startup = $1,040MY ASSUMPTIONS: Average lead per marketing campaign = 3%Average deal per lead ratio = 4%Marketing budget = 15%Average profit per deal = $5,000*****So If I don't completely blow it, I should close on one deal in September, making me at least $5,000 minus marketing budget which comes out to be $4,250.That's a great ROI! 

A big concern that I have is that we don't have any start up money to fund our real estate journey with (we are also currently renting) ... and a bankruptcy in our background.  

I have budgeted $20K toward legal for the conversion process and startup of the association in my numbers. 

It has also grown in value 2x using the Economic Appraisal method, while SFR only grow using comps.The DOING of rental management is the same - - the startup is the major difference, aka commercial vs conventional loans.

We pay interest on money we use on our loan, and with lawsuit in progress we didn't want to be racking up interest on a project that was held up, so we waited to start up again until lawsuit was settled.  

And yes I am using a Lean Startup approach to marketing.

Hey BP,The name is Ray, 24 years old and I am a startup wholesaler from Queens/Manhattan, NY.

I recently formed my LLC, am a Veteran and have been shopping around for LOC start up capitol. 

- High School - Some College - 4 Years in the Army, which taught me A LOT, especially about organization and attention to detail That "education" let to:- Several failed small business start-ups- Finally successful transitioning a small lawn maintenance business into a med sized regional firm.Interesting how many of us have had positive experiences/education with our lawn mowing businesses.