If your regular income is strong enough, maybe you don't even need that rental income at all.

Retail tenant numbers not strong enough to consider.Purchase price was $350k.Here are the options I'm considering:OPTION 1.

Regarding your other questions, you can see in my post history, I'm a strong proponent of investing outside of the 485 loop.

If you will be investing outside your knowledge base make sure you build a strong team in the area to support you.

What you need is a purchase and sales agreement and I strongly suggest you use your states realtor approved contract which can be acquired from any real estate agent in your state.

I'd say find a market that's not going to break the bank and has strong rentership.

The market is holding strong for the following reasons:- High demand and low inventory.- No new land to build tract homes (other than the Small Lot Ordinance homes but those are more like detached townhouses).- Labor and materials are so high that you can only build in the luxury market, making affordable housing mathematically impossible.With that said, we are seeing some cracks in the market:- Buyer fatigue is real.- Some buyers are pushing back.  

But I do feel that people that have not done wholesaling and are not experts at it, shouldn't give advise.I really get that you are trying to help and that is very admirable, but I constantly see people give advice that is simply regurgitated stuff that is just bad advise and people take advise from non expert just because they have heard it mention before and thus assume it is correct.Again, this is not a jab at you, I just feel strongly about this.Instead of asking what they want for the house, ask them what they would list it for if they were an agent, or what they would buy it for if they saw someone else selling the property.This forces them to see things the way they really are and not focus on what they want for the house.

I wish you the best of luck and strongly encourage you to follow your heart - especially while you are young. 

He and both could smell the strong unmistakable aroma of weed from a tenant's room.