I just closed on one in Miami Beach 2 weeks ago which I’m currently in the middle of gutting and rehabbing.

It’s a middle class play where paying bills and maintaining a life style is important vs building an empire unless of course you use cash flow to reinvest in other assets.

Id say run the whole thing as one business, and split it down the middle, or whatever you agree on.

Biggest Complaint is taking 5+ Days to get to an Air Conditioning issue in the middle of Summer in Texas.

When was the last time you called your lender in the middle of the night?

If you analyze the US based on data you'll find that the costs, east or west, are usually underperformers to the chunky middle of the US in terms of stability and cashflow, though certainly not in apprectiation.What specifically are you looking for, and why are you looking where you're looking? 

Scott...apologies for the delayed response (in middle of a deal)...please feel free to reach out (IRVCapitalLLC.com)...look forward to connecting! 

Ivy Station.

A lot of retail sellers are not happy when they see your middle-man profits.If you plan to do a double-close to keep the numbers hidden from your buyer and seller, you still need to have funds available to purchase on your own in case your buyer doesn't show up for the closing.There is much to be prepared for and to know when wholesaling or assigning! 

Do people diversify between single family, multi-family, appreciation investments, cash flow investments,  coastal properties, midwestern properties etc...I am a newb but own a primary residence (in San Diego) and one rental in AZ which are both more appreciation plays and I've been looking at small multi-family and middle America cashflow properties.