Anyway that's getting ahead first if this is your target city go out and view 40 houses and pick the best house in the best location.

@Eric RobertsonI understand your situation and I definitely didn't want to suggest that you rush into something if you are not ready.I think wholesaling is a great business model however my thoughts on the subject are very different from others.

This is the place to be as you focus ahead.

Please be aware of any potential tenants who rush you to make a decision on their applications.

I have inquired about construction loans with various banks and lenders but have not gone ahead yet to see how much I would qualify for.

When I try to narrow down the list by anything other than sfr, I get 0 results.My targeting has been focused on dumpy places with out of state owners that appear to be vacant because that seems like it would produce more motivated seller leads, but it appears that the consensus is that knowing anything about a property ahead of time is a waste, so when the calls do come in from owners of properties you know nothing at all about, how does the conversation go?

I do eventually want to get into rentals of some type, but for this property we want to go ahead and collect the equity we have in it.Thanks to everyone else for the replies!

I am currently working for a financial firm in NYC and looking to heavily get into real estate but in a smart fashion with intelligent investments, no rush here!

BryanL;I gotcha.finding the deals that you can "add value" to.this would work if you are doing a buy and flip, i assume not so much for people who Wholesale houses.Good point about not joining in the rush of overpriced offers when a hot new listing hits..

Thanks so much I will definitely make my first move soon ...looking forward to the journey ahead and good luck to you all in your endeavors .