Wholesaling is also another good option for someone with limited funds to begin investing.

That way you can limit your liability and focus your time on getting your next deal.

If the property is your 5th to 10th financed residential property and you didn't buy it with all cash you will not be able to cash out/ obtain a refinance mortgage against those rentals.The alternative is to find portfolio lenders who will offer loans that have no limits to the number of financed properties.

For outside asset protection our law team recommended an S-corp be formed to stand as general partner and investor(s) as limited parteners.

A lender can be insured as to a % of the loan to be guaranteed, the whole loan, could be payments only or a purchase of the loan, payments might be limited to a number of months.

While I'm fairly certain that is above any repair limit you might have set with the PM, I'm also fairly certain that it qualifies as something the PM knows must be fixed immediately whether you authorize the dollar amount or not.

You'll probably be more limited by your experience, than your age necessarily..

Part of the issue you are having in DeSoto is the limited number of comps.

Personal preference/depends on your capital limitations.

This has also limited my ability to try out direct mail and other sourcing ideas.