@Dmitriy Fomichenko @Brian Eastman @George Blower any advice here?

For my wholesaling business in Texas this is a great new tool in my tool belt with coming up with an offer price and marketing the deal to investors.

I have plenty of deals under my belt , land is what I am new to and the Area , I know how much its worth I was looking for more people in the area with knowledge I know the land assessor valued it a 115,000 and the houses in the area do matter because its being looked at going to  a builder thanks for the advice though!

So, I must seek out partners who can supply capital until I get a few solid BRRRR's under my belt to venture out on my own or with other partners on bigger investments at a time when I'm able to share equally in the financial risk.HERE'S MY ADVICE:Since you have $1.5M cash available, I would use that money to purchase five to ten properties in tourist areas where the cost of real estate is low but the short-term rental rates are high and have an average annual occupancy rate above 70%.

It’s likely if you meet someone who could be a mentor having some reading already under your belt would help.

With no flips under his belt, but he owns his primary residence, he should be able to get 80% on the acquisition funds and 100% of the rehab covered.

Once you get deals under your belt then you can go out on your own. 

Make sure they have a few properties under their belt.

If your a “belt and suspenders” person worried about risky the entirety of your life savings perhaps any additional risk is too much.  

Darius, you hit the nail right on the head on the low priced rental assets that are mainly in the mid west rust belt areas.