I do not buy or sell notes, but I deal with a lot of foreclosures.

Wholesaling is the ideal way to get started as it takes the least amount of capital.

Most everything that I buy is MLS-listed REOs and my costs are almost always between 10-20K in the price range that I deal in.

Sometimes I deal with it, sometimes my end buyers deal with it.

What kind of property is ideal for beginners with a full time job ?

As an investors agent my goal is volume, assuming we work well together and the first deal is truly a deal, the ideal is that you WILL return.

Yes, when forced to resort to such arrangements, it's not ideal long term.

To do that, you will likely not be able to assign them because they are REO I deals and likely prohibited via the purchase contract verbiage, so you must lock them up in the name of a new entity or a trust and then sell the entity or the beneficial interest in the trust.

It looks good to me, but nothing gets by the Deal Analysis Forum.Here are the details:Asking Price: $230,000 (I ran my numbers on $220,000)Units: (4) 2 bed / 1 bath, rent for $700 eachBuilt 1966Tenants pay utilitiesIncome: $700 x 4 = $2800 / month or $33,600 / year Expenses (per month): Insurance: $66Taxes: $346Vacancy: $280 (10%) Management: $280 (10%) Misc repairs/Long term capital expenses: $428^ I just took 50% gross rents and subtracted all other expensesNOI: $1400/month = $16,800/yearFinancing:$220,000, 20% down = $44,000Loan of $176,000 at 5% interest = $944 monthly payment Cash flow of $1400 – 944 = $456 or $114 / doorOR (if I Owner Occupy)FHA 3.5% down = $11,000Loan of $209,000 at 3.5% = $1,012 monthly payment NOI of $700 (since I will be occupying one unit) means cash flow of -$459 (assumed $147 of PMI added)This property is in an ideal location - great neighborhood, proximity to schools, park, and community rec center.

However, for some landlords and some tenants, this set up could be ideal, barring any unforeseen problems on either end.