We are planning on doing a major remodel this winter during the off-season as the house looks and shows fairly ok but it is not something I would want to spend more than a week in as it needs a remodel badly.

Senior guy or gal gets 20k plus and guy at bottom junior agent might get 8k or so.The listing brokerages tend to only push their inventory to sell whether good,mediocre, or bad deals.

But then, I don't really know any really 'rich' people to personally know what they do or do not do.I know many rich people use corporations, which shields them from personal liability when debts go bad.

Do not feel too bad as this site is full of hobby landlords that know nothing about operating this business.

@Caleb Anderson doesn’t look too bad if your expenses are right.  

Both are usually a bad idea

@Hark TukaySo your tenant knowingly wrote a bad check.  

It is a good balance of the bad issues that we try to help with on here. 

So, the long and the short of it is that yes, bad stuff can happen to you as a LL; but this is what I have chosen to do.

Reputation is important if you're wholesaling, know the numbers backwards and forwards, up and down and they must be reliable if you want to continue to wholesale.A partner may not be a bad way to go if you can find one or two with cash and know how.