I can afford to do this because this time around I am keeping my work income totally separate from business.  

My goals are to open residential health care facilities in California.

My wife is a teacher and I am a school mental health counselor.

I mean Im sure I can get some kind of mortgage but even with that is it possible to wholesale property that you as a wholesaler couldn't afford.

@Aaron Mazzrillo brings up a good point about CA, if you can afford to pick up a distressed property in Southern California and fix it up, you are going to be well rewarded for it.A group of San Diego investors met up about 2 weeks ago and are meeting again in February.

Or since your a sweat equity type..Do whatever it takes to purchase a 2nd something and maximize it with sweat equity...if you don't have funds look for affordable owner financing...no matter what get in some where, some way..You don't have to know much.. title companies and surveyors know..

Hey Peter REIN canada has great information on this type of thing, if you're seriously stuck and can afford 229/m I would recommend joining.

But don't count on their rent in order to make the payments, and then discover they can't handle living in the flip and they move out, leaving you strapped.Plan for mental health breaks, too.

They might Seller finance so you don't come - just saying.Jokes aside have you run the numbers to see if you can afford the payment for a hard money loan?  

I am just nervous because I dont want anything to go wrong and I definitely dont want to end up in a bind to where I cannot afford to take care of my own personal priorities.