Also have money in reserves to cover loses you would naturally incur as you build the knowledge you need to own the property.

Originally posted by @Steve Vaughan:  I don't think that wholesaling seems easy but as you mentioned it seems like more of a natural progression to move towards as an agent since im already doing similar things as a wholesaler as a realtorIn fact after hearing from you and others here it seems like i shouldn't really change much other than perhaps who im marketing to!

Owners need to learn to look past the score and focus on what is inside the credit report - late pays, active collections, judgments, repos - anything of that nature spells D-E-A-D-B-E-A-T.

Check with your tax professional about your individual situation and nature of your expenses.

And since you have some 30 years for your money to grow being sheltered from taxation you may want to consider converting some of it into Roth IRA or 401k and investing tax free.

By nature, my understanding is that flipping houses is considered active income, however, I don't do any of the work and I don't manage the projects.

I would love to reach out to brokers and ask for packages and analyze the deals and in the mean time try to build partnerships with investors things of that nature.

Where did you grow up?

The returns magnify if you assume 4 properties at 75% leverage, and the returns grow exponentially if you start adding in appreciation. 

I remember back in the mid 80s when an article like this came out and said the Pac northwest was going to grow at rates unseen in the past.. well that was when  timber aerospace and farming dominated the area.. us CA residence thought what the heck it rains there all the time nice in the summer but really...