The Seattle and Tacoma forums are pretty quiet.The BP community so far looks great, and I love the positive attitude and cooperative spirit.  

I typically wholesale in LA and OC, but I will wholesale anywhere in the county if a deal presents itself.My current business plan is centered around wholesaling to create revenue to invest in rental properties (BRRRR strategy) in positive cash flow and/or growth markets.

We ended up getting a renter immediately with a very slight positive cash flow.  

I’ve already learned so much, and want to continue learning so that I can mitigate my risks and be in the best position possible when it comes time for my first deal.

The most she can pay is around $600/mo so my contribution is around $250/mo over the last 4 years.I just finished setting up a line of credit for $125K and I'm lucky enough to live in St Louis where I can find positive cash flowing properties.

Being a newb and wanting to meet with brokers, lead with your position and once you have a deal under contact you can find someone to partner/walk you through it and that someone needs to be someone other than the broker :) 

You can bypass that limitation by establishing a commercial loan and consolidating all the loans into one larger (portfolio) loan.In summary, find a property with positive cash flow and don’t let "limitations" stop you from building your rental portfolio because there is usually a work around.

If the net result is a negative number, it gets added to your debt ratio, if its a positive number, it gets added to your income. 

The blog post on "shopping for a deal" makes excellent sense -- the more you are familiar with streets and neighborhoods, and how much properties have sold for, the better position you'll be in to grab the right deal when it comes along, without agonizing or delay.

However, until then, i don't expect Nova Scotian municipalities will enforce legislation limiting our re-positioning of rental housing - as long as we don't disturb the neighbours and pay the CRA :)Looking forward to any feedback Paul