I've done 3 deals, my first one I worked alongside a mentor he held my hand through the whole deal and took over towards the end because I still didn't know or had experience dealing with banks, the other two I did on my own where I put up the Ernest and Option money and sent the contract off to title and I didn't even have to do a double closing because both my Seller and Buyer knew from the get-go what I want for providing my services and I'm all about fair deals, I hoenstly see wholesaling as a necessary evil.

I would be paying down my mortgage as opposed to a apartment complex, make that first leap to owning property, have a place to live, and continue to rent out both bedrooms when I graduate.

Sundri Khalsa how many bedrooms & baths?

Very few rentals close by (at least for now, in winter), but desirable location.We will do some updating no matter what:New laminate floor in kitchen/hallSiding needs replacing (have some insurance $ for that)Fresh paintNeeds new windows (maybe).Needs a bunch of concrete work (garage floor, driveway, stoop, walk to door).With those improvements we should be able to get at least $1000/mo.A room addition to add a large ensuite Bedroom/bath, and a laundry room to get the washer, dryer out of the garage, the bid came in at 59000 (This includes the siding).  

But in San Francisco we developers like 1 bedrooms and studios as they can demand a higher $/SF in rental income.

Especially double close.

I checked and double checked (and asked her to check with her boss) because that was lower than any other bank I spoke with.

Texas code Sec. 92.010 says:  the maximum number of adults that a landlord may allow to occupy a dwelling is three times the number of bedrooms in the dwelling. 

My 4 bedroom mqt duplex runs 200 a month.

@Joe Splitrock - I have owned the property for 12 years, yes, and the mortgage payment has increased because the taxes have at least doubled (which is insane, given that the area isn't getting any better).