It seems most cabins typically need something (or will), some you find during an inspection, others you hear from guests, and then you need to be prepared to repair it ASAP.

Wholesaling is NOT investing.Wholesaling is a business.Wholesaling requires you to continuelly get new leads, sell contracts to buyers, repeat.Once you stop getting leads or finding buyers, there is no more money coming in.Sure, you can get food and automate certain things but it is a business.In my opinion, you should look at what you do in your profession and see if you can moonlight some hours to make more money that will go towards the downpayment.Best of luck

This will help you to understand deal structures from the LP perspective and will give you some credibility if you raise money for others.Also, be prepared to "eat your own dog food" - invest your money in the same deal you're raising money for.

Just some food for thought for those who invest in mortgage notes and think buying seconds cheap gets you in the business at a low barrier to entry  - it is cheap until you have to reinstate or payoff a first lien.

Just food for thought. 

We are prepared to eat the cost and call it a loss but not without a tiny fight to show her that she can’t just do this to people.

Make sure you do the things to get prepared to make it all work.

Due to the age of properties here in New England this is always a risk if you aren't prepared to deal with the work or expense. 

However I did find that HRB charges a fee for every W-2, 1099, and P&L as well as any other form you gave them when preparing my taxes so what was once a $300 tax prep had turned into about $1700 the last year he did them.

Proof of Services.Be prepared to provide proof of the services performed and hours worked, especially if the IRS requests this information during an audit.6.