It is not necessary for a contract to be supported by a monetary consideration.Su,Your decision should be easy.

Assets are irrelevant.Medicade: Health insurance for the poor.

After bringing in multiple contractors I've made the decision to tear down the houses.

However, I feel I am house rich and cash poor and that's why I want to move into wholesaling.

That makes it a tougher decision.

And I'll tell you what: if we all work together to get the word out about BP, maybe we can lure potential great future real estate investors away from those gurus, who are getting rich feeding people half-information at best, and poor information at worst!

When they are ready to make a decision, they will contact you.Jack

So much to learn, so many decisions, and everyone here in Florida seems to be an investor.

I am always fascinated by the emotional decisions people will make when it comes to marketing, buying, selling, etc.

As Wayne mentioned, negative equity is not a good way to begin in a Sub-2 as it blocks your exits unless you poor more money in.I have purchased portfolios and I know it can be an exciting find, don't let that cloud the issue of each property needing to be a good deal.