After I do get enough equity, I am looking to get into rental properties for passive income.If anyone is in the area, I would really like to connect with them and simply get some helpful tips and tricks to getting started in wholesaling.I would also like to ask, should I go with legalzoom for setting an LLC or look for a local attorney to set up my legal entity.

@Bill F. my example was somewhat hypothetical but a reality I am currently facing, and no, there were no major shifts in the dynamics, simply baseless optimism and this has been the case across the board in my area.

Cutting into the street can double that cost.

The deal you had with the first investors was, but not that the REIA president gets a cut.

I'm learning that there is simply no substitute for going and seeing the market for yourself.I do have a question as it relates to the Birmingham sub-markets.

I would assume that most everyone here is at least familiar with Scott Trench's Set for Life, but if not, simply put it is broken into three different phases of achieving financial freedom.

I am always watching rents in the area though, frequently looking at trulia/padmapper/apartments.com/zumper/craigslist ads and snap a photo of every "for rent" sign I see to call up and find out.There is a lot more variation than simply how many bedrooms a place has and where in the city it is located in, property condition, layout, density, and the environment around it factors into the price a lot, and rentometer doesn't give you much insight into that.

I’d love work my own 90-day challenge in this market (if the right opportunity is there).I’ve been listening to podcasts, reading books, going to meet ups, and simply talking to people about real estate for a few months.

I also add some custom size shelving by purchasing 3/4" white melamine shelves and cutting them to size for odd spaces. 

But still simply exchanging into a property with identical cash flow and all would net you more each month.The key of course is that you do it without triggering a recognition of gain.