In this case a good system should help you reduce the risk of bringing in costly tenants.

Marketing costs right now are roughly $1500 per month to make one wholesale deal of about $15K. 

I put a post on the Classifieds looking for wholesalers in my area as 99.9% of properties on the MLS are priced to high and the ones that are affordable have intense competition.

But intend to keep your word to the seller by making their payments at all costs or selling the wrap for a high enough price to pay off the underlying. 

Before wasting time looking for properties or spending a lot of time on projects, they should make sure they can get the financing because a) financing might not be available, b) they might not qualify or c) the cost of debt might be prohibitively right.Another mistake investors make is believe that they can apply a US strategy or financing model overseas.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

In theory this would hopefully reduce my monthly rent costs and my payments would go to the new 2nd property to build equity.

Hey Sean, I would first look at the cost of the loan.

Partner Driven was attracted to the Springdale Forrest Circle deal in Gainesville, GA, due to its potential for a high return on investment with minimal renovation costs.

Acquisition costs are low, so easier to generate good yields.