You can utilize the 2% rule but you wont find a ton of projects.

Although Im pretty sure he wont go for it.

My tenants are 25-30 yr olds who wont take the best care of it.

I can pay a full time assistant to work for me for 2 years for what I paid that one wholesaler.Well one thing that I have also learned is most wholesalers, if they are making over $5,000 on the deal, with do a simo, so therefore the investor wont know what they are really making.

hey @paulzofsak welcome to bp, cant offer any advice that hasnt already been said here, i started this path 2 years back, and just had to stay flexible to stay in the game, doing rehabs on sfr 1 at a time, meeting and networking with the successful locals, learning the system, my opinion is it hinges on your tolerance for risk, resources , cash to keep the deal going and finished, patience, and what works in houston probably wont work in cincinnati.

What are the chance's that if I move my loan to my LLC, that I wont get spanked for it?

And also for a property with a little wear and tear, a FHA wont qualify.

But I most likely wont be able to get the loan if I moved home.

With the last two options you wont need to make really any repairs but for the used home you would definitely have to make some unexpected repairs.

I have a feeling 12-18 months from now the lending restrictions wont be as strict.