This is how I started and know Brandon Turner is a big fan of this approach of starting out as well.Also a fan of the college town but being you are so far away you would have to hire a property manager to properly manage.

The deal structure is just as important as the price because you get more into the income approach versus the sales comparison approach with SFR.How hands on you want to be, what returns you can find locally in your market, and you long term goals are key.I have some clients that want more yield and are willing to deal with headaches to get it.

Account Closed I have been looking into doing that strategy, taking down the house myself, then turn around and resell it.How do you approach such a strategy with having a short term vacant house.

I think it provides a balances approach, and allows you to gain from the benefits of the two different strategies (they work together rather well).

Im trying to understand the logistics of doing business with an investor.How does the approach work?

It will depend on your personal view on how your approach investing and if you feel as though you're helping people sing up for those classes.

In the end it seemed like it was a better approach to invest where it was easier to manage and take the profit and rent a place where and when I wanted.There is just too much competition to purchase property there.

Personally I take a financial planning approach and I put most of the decision weight on financials.

That will help keep you top of mind when a wholesaler gets a deal that fits.Often times, and this is how I approach it, wholesalers will find buyers, ask them what they want and then go find it.

Often engineers are approached by contractors who have a job they need help on so they know each other in the business.