I guess it gets back to the question about my budget being realistic or not.As for the type of property, this will be entirely dependent on my eventual location, the local market and what is inventory is available within my budget.

Looking forward to being a wholesaler and eventually doing fix and flips with the hubby.

Originally posted by Joel Owens: Eventually if you search long enough someone will want to dump a dog.

If not what if we work together and get more places and eventually I want to retire and he buys me out after however many years.

@Justin Maynard,Don't give up.I've been going to the local Reia Meeting for 4+ years, and have handed out plenty of Business Cards.I would say, maybe 1 out of 20 people have become Associates, via those Business Cards.Keep on networking, it will eventually pay off.Raymond

You'll never know everything, but eventually you'll get to the point where you'll feel confident enough to move forward.It will still be a little intense, but "Nothing ventured, nothing gained."

You could live there initially and eventually convert to full rental when you move.

In my comment I was basically speaking to those landlords who have an ineffective business model and think that papering over it will eventually solve it.

As I grow, I can then set up other LLCs to keep key properties separate, or segregate my rentals once I own 10 or so in a specific LLC.Having the manager being the managing partner across all LLCs will allow me to have one single checking account to manage all of my rentals no matter how many LLCs (elected as partnerships) that I eventually have.From an insurance perspective, I Just plan to have an umbrella policy for each LLC and individual property insurance on each property.All good so far (I think).

I guess something like this was bound to happen eventually, but I had hoped it would be ten years down the road when we had more cash on hand to comfortably weather the storm.