I started my MTR in Sept 2023 and some lenders I've spoken to are saying different things such as 1 year tax returns, 2 years tax returns..

The rent roll was so close to 1% of list price (which in my opinion is too high to start with) that I was instantly interested. 

So many buyers' agents scrambling to show, place offers, and lose out even with strong offers, just a total waste of time with no paycheck for all the many who didn't win the bid. 

The Short Sale was kicked off to the FHA Short Sale department and we had to start again.

I hope this stops someone from making a big investment mistake i will start posting everywhere.

Good morning BP,I'm looking to get started wholesaling virtually. 

@Ka Vangyes, you can use a HELOC for a down payment as long as your debt to income ratio permits getting a loan for the balance.however, i strongly, strongly recommend against it. 

I would probably start monthly or bi-weekly "safety inspections" to A) document any lack of evidence of risks/issues to the tenant's safety to be prepared to legally defend yourself in the future, and B) to monitor for new/worsening damage to the unit.

That bubble will burst in a very legally challenging way for people who follow that bad advice.Second, you have to be in a position to handle a Due on Salecall.Third you have to be in a position to make every payment on time even if the property is sitting there vacant.You have to know why you are buying the property and what you are going to do with it to be cash positive without question.There are other things but that is a start.

The best way to start investing with 0% down is to buy a multi-family and live in one of the units.