Currently, I’m finalizing preparation of the 2 spare bedrooms for medium-term, month-to-month rentals specifically for traveling professionals. 2020 Update: The tenant that was initially placed, did not work out, after 2 months, the tenant moved out in Jan. 2020.

I'd recommend a rent ready property initially when investing at a distance.

Our biggest investing mistake so far was trying to do everything ourselves initially.

Finally, in October, we had all three leased up and refinanced ($50k of initial $200k capital retained as equity).Deal #'s: $398k purchase price, 20% down conventional loan, $120k renovation costs ($33/SF), gross rents $6000 / mo2021: With my 12 month sabbatical coming to an end, I said f*** it, decided to pursue RE full time, and submitted my formal resignation.

Hello Jennie, relatively new myself but my initial experience with each is:1.

I would use $700 per unit as rent for your initial calculation - I'm assuming you aren't going in there on day 1 and raising all rents to $800? 

How come some members use their entire last name and others only an initial? 

@Ethan ErazoHiIt all depends..that could be so however your initial Purchase & Sale Agreement has a minimal investment from you in the form of a earnest money deposit USD10-USD100.That is your equitable interest in the property which you then assign to the cash buyer for a fee.That fee could have a balance that will be paid at closing to youThere are numerous articles and podcasts on wholesaling to listen to on BP...use them

Interested in house hacking initially and as well interested in house filling just don't have the capital for that now, eventually renting out properties. looking to learn how to get funding to carry out my goals!

The game is to get you to pay for some type of fictional service to initiate the loan process.