Hi all,First post after having discovered this site about 6 months ago.

@Denisse Salinas If you have not already discovered it, Bigger Pockets has a great wholesaling calculator located here: http://www.biggerpockets.com/wholesaling-calculato...If you are wholesaling, commit to marketing and don't get discouraged by a lack of responses early on.

I've heard some investors say that they just keep mailing to the lead until they discover that the property has been sold.  

I’m surviving somehow but of course I look horrible to lending institutions.

What is perhaps more notable about these new mortgage forms being instituted by the Consumer Financial Protection Bureau (CFPB) is the new 72 hour rule.

What would be the best type of institution to apply for the loan with?

You may discover all kinds of problems by doing the title search, and you surely want to know about them now, as opposed to later.

I saw the forum contributions of seasoned investors and compared myself to the extraordinarily successful regulars here on BiggerPockets and got super motivated, but I also felt inadequate and so far behind these superstars that I thought I'd never to catch up.I want to say that as one of those folks that discovered BiggerPockets in a time of frustration, I've now come to realize that comparing myself to these gurus and investors with decades of experience is foolish.

Why find a deal only to discover that someone else's contract was already accepted when you submit yours?

You can rent out rooms though, if you're up for that.When it comes to purchasing an appropriately zoned apartment complex, you'll find that the minimum down on it is going to about 15% through a traditional lending institution, so keep that in mind.If you're thinking about trying to include your current home as rental income during the loan application, most banks will require a two year rental track record before allowing it to be considered income.