I just feel safer in residential given the potential (large) downturn I see coming.Given the general lower returns available right now, part of me wonders if it would not make more sense to just sell and pay tax and re-invest the funds at higher rates of returns elsewhere (private placements, overseas properties/land).

But I'm willing to bet that a ton of my Mastermind students who are closing deals will vouch that my mastermind is worth every penny!

@Charlene Isoh If you want to do student housing your best bet is in the cities of Albany or Troy.

It sounds like recording a mortgage on the house would be the best bet.

I am trying to stay away from auctions for my first flip to be on the safer side.

The wholesaler doesn't want to give out information unless you demonstrate that you're legit.Technically sending out personal information and advertising a large bank account to someone through craigslist also make you a target of a scam, too so tread lightly.In order to get a proof of funds letter, your best bet is probably working with the bank that holds the money (or line of credit) you plan to use to invest.Also, consider a different approach in looking to meet the wholesaler for coffee in order to discuss more about their business and your criteria.

I would bet they would go down if the tenants were paying them...

If not completely, I bet she will be with a big check to pay things down/off with.  

I started with rentals, because I feel a bit safer with them.  

And I bet you some of those areas they are thinking of have brand new developments and or completely renovated homes in them.