Both will be rented by next month and I will be taking in a good cash flow from them.My plan is to put a mortgage on the home I bought with cash, I should be able to take out around $50k and I will use this as a down payment on another larger multi-family or buy another SFR that can cash flow just as well as the other two.I do not have the best credit but have not had any negatives since around 2007 when I hit a bad spot.

I currently reside in the Goose Creek SC which is about 10 miles outside of Charleston SC, voted #1 city in the nation.As a former real estate agent, I've always had a strong desire to purchase real estate and can instinctively spot property that I recognize as good investments. 

Ian please heed everyone's advice here as the books and actions mentioned are spot on.

"Bright and sunny" - We put in 100 watt bulbs to brighten it up."

I know a good investment property when I see one, I understand the rehab portion and am pretty well-versed in the construction side, I can look at a property and pretty much tell you what it will sell for and be pretty spot-on most of the time.

@sunny ruckstuhl thank you for that great advice and I appreciate the welcome from everyone. 

Greetings from sunny Southern California (Fontana).  

@Wade Guy Spot on.

As I find and research the properties, I draw the letters up and print them out on the spot.

I'm not sure about your market but around here one quick and easy way to spot a bad wholesaler is looking at their repair budget.