Purchase price: $140,000 Cash invested: $3,000 Purchased originally as our home we began renting when reassigned and after a very long struggle o\we made this one work and it gave us the confidence to move forward.

Researching the topic further based on that statement, I understand a new LLC with no financial history will struggle to qualify for a mortgage without a personal guarantee (although I also spoke with an attorney who said that shouldn't be a problem as long as the property I am purchasing has income history).

He was able to utilize the internet to find vacant properties and distressed property owners with no ease, however, when it came to convincing a seller to sign a contract with him (a total stranger that the seller has never met in person) he found great struggle.

@Malcolm Jarrell Ok, let me correct you on something that I have seen a lot of new wholesalers struggle with.

And the residents would struggle with upkeep.

While the owner of the other half struggles to pay pool maintenance, provide breakfast and attract nightly travel business with no franchise affiliation, we do very well housing month to month tenants and temporary workers looking for weekly stays.

To get to class A property ownership Investors that are not ‘born of the manor’ have to struggle with class D and F properties to scale to the point where they can afford to purchase Class A properties.

Ten years of night college really teaches someone what it is like to struggle and work diligently towards something. 

I'm struggling to think of mine, and I think real world examples could be helpful for all of us.

Bigger pockets,I'm struggling with setting up an organized method to keep track of my rental income.