Plus if you pick a cool area like near downtown you can get into an expensive asset and live very cheaply, in a good area, while building wealth.

Just be sure to pick something that will have a lot of traffic when it isn't ski season too

Given my current scenario with this recently purchased house, if you were going to rent out to the two friends to offset the cost of the mortgage - would you keep things simple and do this "under the table" without all of the legal paperwork, or would you do this "officially" with all the necessary paperwork and legal forms making me the official "landlord" renting out to two tenants.The way I see it is this.. keeping things under the table would make things simple with my two friends and obviously require less paperwork.

It is not as simple as paying off the taxes and getting the property. 

Small claims court is inexpensive and very simple.

Seems like things are pretty well picked over right now. 

Wanted to pick you all brains about what you think are the most effective marketing for wholesalers in smaller towns?

Please click on the links, give them a read, and share your thoughts in the comments.First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bpThe second is a post that will help get you focused with your real estate investing goals:https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciatedThe last one is a post that will help you choose an “investor friendly” real estate agent.

I'd love to meet up and pick your brain about the Wilmington market.

@John Newburg ,  this is lengthier discussion compared to a simple question you asked.