I don't care who she brings with her to look at the place, I'm probably NOT going to rent to her.On the other hand, there are untold hundreds who fail at REI, they too have a few things in common:1.

Have enough cash on hand to make multiple offers.

What I know first hand is that it is very successful for us.Our typical purchase is $25k - $50k that needs $5k - $10k of remodeling to sell for $50k - $100k.

This is just the new reality of a bank that 2 years ago would throw cash at anyone that would stick out their hands.

IHMO (and, I'm in the middle of rehabbing a house as we speak), you CANNOT rehab houses unless you have a significant amount of cash on hand.

Everyone is trying to sell the same thing, and only a handful make any money at this gig.So, any of you own your own real estate company and, if so, care to share the experience you found?

I could get my hands on 10-20k but for a short period of time.

But on the other hand, because of the new law I have to be a licensed agent to approach people who are in forclosure.As far as the investing side, I'm just getting started wholesaling.

I've seen first-hand that the national guys are making it really tough for investors, while the local guys are doing as they've always done, but have clamped down a tad.Thoughts?

We do our own property management and remodeling, using subs as needed or required by code.We each have “regular jobs” and have always considered the rentals and a “hobby that has gotten out of hand”.