The bad relationship with the landlord/family member, urgency to move in, and bickering amongst the multi-generational family were all red flags.

Great to see more of my generation getting into this avenue of investing.

I'll look for a property that I know can be improved to add value (an intense effort over a short period of time) and that can generate rental income in the long-term.

I am looking to learn more about real estate strategies from the Bigger Pockets community.I am currently focusing in the South Wedge, South of 19th Ward, and Pittsford areas.My goal is to build generational wealth.

You want to generate as many quality leads as possible.

Your wholesale business will thrive or die based on your ability to generate leads.

How much would it sell for (ARV) versus how much net income it would generate over a specific period of time.

Then you can 1031 exchange into a replacement property that generates an even higher cash flow.

Also, if you are in the business to make money, why limit yourself to just your personal deals, why not generate additional income by buying and selling for others.

I believe in using leverage in smart ways, in low risk ways, the way Warren Buffet does and like you are doing.On paper you can convince yourself using maximum leverage will generate the maximum real returns, but that theory often leads to trouble.First, if your rentals are paid off you have flexibility others don't.