This way, we continue to have cash flow coming in, and if we happen to have a bad contractor or one or two units and/or some permit/regulation related issues, the scale of the damage won't be too overwhelming. 

Do you think certain banks will allow it or this is all the government banks have no say so on it.

Now beginning to see municipalities regulate as in, requiring wholesalers to get licensed, I can't help but wonder what lines were crossed, who lost their life savings for that to happen.Think of real estate as an eco-cycle.

I think I would genuinely enjoy hiring contractors to fix up a home in a vision I see fit; and of course I would enjoy the profit off the sale of those flips.I have a decent job working as a government contractor in the IT field, but I have a dream to be able to leave that work and go all in with real estate someday. 

Many of these markets had vacation rentals long before airbnb so risk of regulation is low, and demand should continue to be strong as more Americans migrate to the south for employment and housing opportunity. 

Considering the massive amount of debt that Federal and State governments are in, I expect taxes to be much higher by the time I'm old enough to withdraw from these types of accounts without penalty.

Not to take anything away from you, but you know the prices of real estate (especially in NY), so I know it may not seem like much, but I think you've overcome the most difficult obstacle and that is going from 0-1.The way I see NY is that it does not meet any basic requirements for investing: it has low cap rates, high taxes, stagnant or decreasing population, anti-landlord laws/sentiment, rules & regulations etc, etc.

Minneapolis, MN· Top 3 Employment Industries:o Education & Healthcare: 17%o Government: 11.0%o Financial: 7.4%· Average 1 BR Rent: $1,588· Renter Occupied Housing: 55%8.

I am learning about SEC rules and regulations.

I’d suggest doing what I did; you can go on your state government’s website and you can find a list of all the banks and credit unions licensed to do business in your state.