I usually receive a large bonus from work in late June so July 2025 is my target date to buy my first piece of property, although I realize opportunities may arise before then. 

This is the most complicated piece because you are essentially the mortgage originator (which might run into licensing concerns depending on how many times you do this and your state), and you need to make sure the person who is buying is a good borrower.3) close with a title company or lawyer (state dependent) who knows how to deal with this type of transaction4) set up an account with a servicer to collect the money from the borrower (not required, but highly recommended from note buyers)5) collect payments

A simple piece of flashing that goes missing from from a can cost you $500 today but might cost you a lot more tomorrow.

Interesting to hear there are anti-RK folks out there, but then again, aren't all public figures subject to scrutiny....I just signed up to download your book -- great looking website and nice logo.Here's a question fitting for the newbie forum: what's the one piece of advice you wish you could go back and tell yourself before your first purchase?

It's an Oped piece requesting the city council roll back some laws. 10 years too late. 

It enables you to take advantage of a smaller, if any, down payment while owning/controlling a piece of real estate.

After expenses should be 10k a piece for you and your partner most likely tax free, which in the Midwest is a very good start.

& Account Closed Thank you both for responding... this is exactly what i experienced, it is pretty clear thats one of the key value pieces for a wholesaler, you have to be the point person for all parties.  

The part about 'foreign national loan' companies assigning a credit score was a piece of the puzzle I was missing.   

Overall, I would say not to let the compliance piece scare you away.