Get out of it...move on with the cash you have left, and recover the funds you put into the previous deal...plus profits, in the next deal.You can't play the next hand with no chips...and you can't do the next deal, with no money.Money is a verb, not a noun...when your money becomes a noun...you lose.

The property type you’re looking at will play a factor.

@Chai Jonn 1) are you looking to be active or passive investor?

You can certainly buy at a 4 cap and get it up if there is a value add play in the deal.  

Once you know exactly what you have to play with, what down payment and reserves you have,  then we can start searching for opportunities you can actually write offers on and most importantly close on.  

Make sure there's no other activity in the LLC as far as liens, etc.

Wondering if you're still actively wholesaling in Bloomington.

You want to play with fire, go ahead and play with fire.

It should give you some of the things you will be looking at in the Homeowners Insurance process:..I can give you some general info on insuring the property: Here are some things to look for from an Insurance prospective: Any in-ground tanks (active or inactive)Any Knob & Tube or Aluminum WiringIf built before 1978, does the building have Lead Safe certificationsAny wood stoves or secondary heating units.

What I'm looking to do since I am a bit shy to finding an organic mentor is to kinda do what was suggested in Rich Dad Poor Dad when Rich dad said for Robert to play golf because eventually Robert would end up doing it some day and the best time to begin building his skills was when he was young.