Your numbers look like they should easily support those but it is important to make sure your factoring them in.Good luck on your first deal!

I have a full time job in high tech industry here and started investing in 2008 when I saw rent to price ratio (even in bay area) to cash flow easily.

However, you could easily buy a few nice buy and hold rentals in a good area with the capital you have on hand.PM me, if you have questions or you want to talk further.I hope my .02 helps.

For example, Northern liberties, Society Hill, Graduate Hospital, Olde City, Queen Village, Italian market etc. homes in these neighborhoods easily value $635,000 to well over millions depending on what we build.For example take a look at these: https://www.dropbox.com/s/9yvoretorxl1my9/OrtliebSquare%20DESIGN%20VID.mp4?

They set up our LLC and we have the funds easily available in our check book account from our local bank under the name of the LLC.

These can sell just as easily, and be just as motivated, as any other seller, so I don't think it would make any sense whatsoever to exclude them from a marketing campaign.Situations where some bank trust department is overseeing a property have to be the slim minority.

Basically, I have 2 agents filtering REO leads on the local MLS and making low-ball offers on the older listings when prices may be more flexible.

This would easily hold up in court.

Why settle for anemic single digit cap rates when you can easily have hassle free double digit returns.

Wholesaling is a difficult business and if you compound the difficulty by not being there you're not setting yourself up for success as easily as if you were there.