Very cool to see someone less than 20 miles away (especially when they're so knowledgeable and deep in the biz)!  

but I was told I could not do that since I no longer live there and also it is less than 30 miles from my current home.My question: Are we not able to take money out of a rental unit (not a finance but LOC)  to purchase another property if it is within a certain distant.  

My name is Miles and I am also trying to start a wholesaling business.

I haven't asked to verify any of the financials YET, however based on what the seller has initially disclosed the property looks like a great deal if the numbers are accurate.Asking Price: $220,000Gross Rental Income:  $3450Two 1bd UnitsFour 2bd UnitsInsurance:     $1500 (seems low)Taxes:           $4000Utilities:         $330/month (Water, Sewer, Trash)Property built in 1970.Seller purchased property in 2013.Property located in transitional area/lower income area, but low crime areaProperty located within mile of High School and elementary school.New Roof 20134 of 6 Units have been remodeled (pictures look very nice)Stacked Washer & Dryers supplied in unitsI would appreciate your opinions!

It is a silver 2008 Ram 1500 that had 11k miles at the time.

Church Hill (which I use as a very broad term from Broad St. to Nine Mile,even though it's not Church Hill), except for the far North parts don't even have that good of deals any more either, unless you go to the really run down parts.It was said before, the deals are out there.

It has approximately 1400 feet of ocean front (tidal river about 5 miles from the top of Penobscot Bay).

I have laid a mile of tile in kitchens and baths but recently had a customer ask for the Allure flooring.

I am in the DC area, so its tough right now due to values, so I am focusing on properties in the Southeast in a handful of select secondary markets.The biggest issue is that I do not have people in place (the infamous "team") to enable working from a distance.

Hi there, I'm a new investor from Southeast Michigan.