As of now, I'm looking to purchase property for renters in hopes to create a source of passive income.

Your biggest risk is that the owner has liens against the property and judgments that are larger than the sales price and will not be able to close.

Geronimo Moreno welcome, I'm sure between the two sources you will get many opinions and methods of doing things.

The reason I am keeping a rental despite my preference for flipping is due to the fact that by having some passive income flowing in, it's easier for me to keep a rational head when identifying deals since i am depending on flipping and doing deals as a full time job and sole source of income.Without some source of income, I get antsy when I haven't flipped or done or deal after a long period, increasing my chances of making a mistake.

Hi Justin, I've never heard of that site, but I am sure that if you read the source information, ask questions, and listen to the Podcast you will be well on your way to getting your wholesaling business off the ground.

Homesnap is powered by a specialized homes database that combines hundreds of disparate sources of data.

Those are direct to the source.

The biggest expense for most repairs is labor and I've got that part handled.

If 40% is what it takes to get the capital, that's fine, but in my opinion that's pretty rich to the money source when you have 50% skin in the game.

My biggest hurdle is, want the note to be personal guarantee