You might want to focus on one, and use the other as a backup strategy.Rentals: Focus on finding good rentals from direct marketing, MLS, wholesalers, etc.

This is all we use.

I've actually seen this happen and it's ugly).

Purchase price: $360,000 Cash invested: $100,000 This is a 20 acres of land mixed use Commercial or Residential.

My intention was to see how this rate compared to the IRR of a SFR investment using several property assumptions and different purchase models.

What areas are you looking into?

Purchase price: $84,000 Cash invested: $10,000 Sale price: $165,000 Single family home (manufactured) What made you interested in investing in this type of deal?

@Rick Albert is right on and gives good advice.I'm actually wholesaling a property this week, but this just happens because I am in the game doing flips, developments, and rentals. i would never try to make a business out of it. 

Currently, I live in Hawaii, house hacking my own property, and am looking to expand into out-of-state long-term rentals.My goals now are to master the art of wholesaling, continue raising private money, and build a strong portfolio of long-term rentals.

This particular property (townhouse) has been bank-owned and vacant for the last 14 months.