There are numerous threads on that topic including what I consider the best wholesale thread on BP which is:http://www.biggerpockets.com/forums/93/topics/58383-the-truth-about-wholesaling-

At 66 lots of things happen some people want to move to a warmer climate and dont want lose strings attached or your health is another factor. the other things involve your estate and do you want your kids to have real estate to contend with or is this strictly your thing?

So I have spent the last several days searching through numerous posts on BP to refine my criteria for an absentee owner list.

You could use your allotted 10 Fannie Mae 30-yr loans to build this portfolio, but could not do so on the more numerous and cheaper houses.

However, I have refused to rent to a few applicants who I felt were at risk for filing bankruptcy based on their numerous (20 or so) large unpaid debts which I felt would, at some point, cause them to file bankruptcy since they had no way to pay these debts off based on their current income/financial situation.On the other hand, I will not exclude applicants who have already previously filed bankruptcy and had the bankruptcy discharged since I know that they won't be able to file it again for quite a few years (depending on what chapter they filed).

My goal with this cash flow for the next 10 years or so was simply to build equity and to help me pay for my dream home with my family that I hope to purchase next year and in case of job loss, health issues, etc I'd like a cushion to count on and I'm willing to sacrifice a little up front to get it.

I have gotten the Sch E's with blacked out SSN/EIN on numerous occasions when dealing with an actual owner/seller (as opposed to foreclosures).

The right contractor makes all the difference.If the property needs corrected health and safety items such as replaced gutters or repaired dry wrought it’s because a trained construction expert or appraiser knows it’s necessary to protect the buyer’s and lender’s interest.It’s no more difficult for the borrower to qualify for a 203k loan either, it’s an FHA loan.Any Realtor who says you can’t use a 203k to buy a short sale is wrong.Like most Realtors, they don’t understand the loan so they stay away from it and tell their clients the same.This is a shame since there are 203k classes out there for Realtors to learn how it works, I teach one.

Have read it numerous times.And years back I wrote a guest post on BP about tax liens.

Health bills are not getting any cheaper with 2 kids.