You’re on the right track but I suggest you learn a bit more first and perhaps initially get into something with fewer moving parts.

Also, I prefer fewer layers between the seller and myself- all other things being equal.

To be in a low equity, low liquid cash postion is a dangerous postion.

Originally posted by Jim Moorecash:Here are the stats:1971 built1640 sqft4/1.5...all of the comps are either 3/2.or 3/1.Here is a big problem...There is a HUGE difference between fewer than 2 fulls baths and at least 2 full baths.

Also, just to add to original poster's questions, I would think it would be extremely dangerous to have only my name on the mortgage but a boyfriend on the title, even with a separate document dividing the asset.

We've been using our own money since profit margins have shrunk (due to bidding wars & fewer good buys).

Check with your own state realtor board before going this route.The danger of listing your wholesalee deals on the MLS is that agents who are unfamiliar with your process may get in the way or become overly protective of their clients.

Another factor that I've found to be important, and one that can really impact the underwriting process/timeline, is if the lender uses its own funds or if it is comprised of investors.The fewer layers of approval there are the better!

And it only applies for investors that have 4 mortgages or fewer.

If you keep your properties in good condition and put your tenants in a dangerous position and act prudently, you win IMO.