But, if part of your idea is for each property to be self sustaining, this might be something to consider.3) Why did you use $180K in cash to outright pay off the 2nd rental in full?

I am 44 years old and a self employed computer consultant.

Realtors as contacts....... why would my friend (whom is a contractor) have their spouse (a Realtor) offer you a "deal" when she can offer it to her self/husband or me.

Be careful to not over cover your self but be careful to match the coverage to your risk tolerance.

Effective Date: 03-19-1993 5313.03 Biannual statements furnished to vendee.Every vendor under a land installment contract shall, at least once a year, or on demand of the vendee, but no more than twice a year, furnish a statement to the vendee showing the following: (A) The amount credited to principal and interest; (B) The balance due.A land contract passbook issued by the vendor or a financial institution shall be sufficient compliance with this section.

Since I have no saving or a sufficient credit history I figured wholesaling would be my preferred option.

From a personal, self-interest standpoint I'd love to hear a little more about the red-tape that you had to work through to get going on the property.Congrats again and all the best!

@Ram Gonzales   you want to be careful couching your self as loaning money then switching them to JV in the structure you delineated.. this can be construed as bait and switch and the JV partner can make a claim that this is really a loan.So if its JV deals you want to do NEVER mention that your lending money because your not. 

If it's from a doorknob, buy one of those self-stick plastic circles, These days you can youtube about any little repair for advice.

I have not personally used them as I currently self manage my properties.