I also established a business phone number.  

Hey Guys, I am a complete newb to the real estate scene and I'm looking to get into rentals (with a couple flips after I establish my 1st 5 rentals). 

If you are taking uncalculated risks then it is simply gambling or betting. 

I was thinking more in terms of selling the lead rather than getting a shared commission, but that you've brought up a good point, it might be better to go for the shared commission once I establish a good relationship with a REA in my area.

,If you have established a business for your investing activities, be careful about calling someone unsolicited.

I think most people selling need money right away for some reason..move and buy another house, divorce, job loss, etc.Also if the average seller has no idea what a "10 year master lease option" is, they'll probably pass on the offer right away.I've had some luck with seller financing, but only after establishing some rapport with the seller, making sure they're in a position to offer it, explaining the benefits , and then making an offer.Good luck!

If I'd been doing this longer, and could afford to lose a little money; I would definitely take a gamble on this one.

For every contractor establish clear, written scopes, schedules and guidelines.

My opinion is that (at least in my neck of the woods) it barely happens.2) The one thing I see many wholesalers overlook is the importance of establishing a good 'rapport' with your seller.

However, an established GC whose been using the same subs for years and who keeps them busy so that they are available to meet his deadlines is a good bet.Personally, if I didnt do the work myself, I would look for an experienced remodeler who does it all.