Sending you a colleague request - it would be fun to share ideas since we’re pretty much at the same point in our new venture!!

I  am looking forward to discussing with those who are interested the possibilities of join venture.

@Cole WarrenI would venture to say that a good agent, one who has had any experience working with investors or who may know a given area well should also be able to tell you what a unit might rent for.

DIY or contract out? 

I don't think there is anything wrong with the model, but I would venture to guess he would probably make as much with listings with the full service model and he would have to list less homes to do it.  

Hey gang, I know there are plenty of threads on this topic throughout the site, but I'd like some advice/guidance specific to my situation here. I will be buying my first rental (duplex/triplex) spring '17. I plan to ...

Wishing you success on your real estate ventures!

Ryan Dosseyif you have a minor rehab look at doing a joint venture with the seller, where you give their equity in a note with the payment in full in four months,  with no monthly payments  Look at the difference in these two offers  ARV 200,000 ,  free and clear house ,  it needs $20,000 in work Solution 1The Wholesaling formula is terrible offer for the seller The Wholesaling formula is terrible offer for the seller Solution 2I offer to bring my money in and fix the house, resell it, and pay off their note The mechanics are add up the costs to sell, add in the rehab, add the interest for the private lender money, and add a joint venture fee of  $10,000 If you do the math, Wholesaling offer is about 120,000 to the seller The joint venture with the seller is $148,000 to the seller :)If you market for expired listings that have minor rehabs and they didn't sell because they were not in the right for selling condition, you might go to probate attorneys to find "grandma houses" that need a minor amount of work,  and buy it from the probate attorney, resell and pay the heirs 

Seems you're implying doing this as a DIY project in court. 

However, when an owner financed older couple could not balloon pay me off after 4 years, I ammended and extended the contract 8 years and took 7 k off the balance after the well collapsed and also loaned them $3500 on the back end to diy tin the roof.