Enjoy the holiday :-). 

Case in point there was land for 6 townhomes...One GC was on vacation and the other was too busy to return my calls.

Welcome to BP.Hang on tight and enjoy the ride.It sounds like you plan to buy and hold as rental property.If you expect $19,200 for rental income, then 50% rule says to expect about half of that to be eaten by operating expenses NOT including the principal and interest from mortgage.

And since I'm a new investor too, I'll keep that in mind when I come back to Vegas (currently leaving for an extended vacation).

I've enjoyed Bigger Pockets, and the wealth of information on it.  

I enjoy listening to the podcasts and going through random threads to see what catches my attention.

I have clients that own 1 to 5 vacation rentals here on Mau i and once you hit that threshold of 5 you may be put into a commercial status (5+ units), so qualifying can be a bit more difficult, looking at such things as:What has that person owned and what has been their management experience collecting rent and managing propertiesThe borrower's credit score, income and personal and business tax returns will be considered along with two years' operating statements and a current rent roll for the property.Also important are property metrics, such as: Net operating income: The annual income, minus expenses that a property generates from its operationsDebt service coverage: Measure of cash flow relative to debt payment obligationsLoan-to-value (LTV) ratio: A measure of the loan amount relative to the value of the propertyThe property has to service its debt at a comfortable marginOf course each lender can be a bit different, so it's good to shop around if needed.I hope that helps.BTW - what do you consider big money?  

I'm glad you're enjoying it. :) 

I think that's a great strategy, especially if you own a vacation rental here.  

How are you enjoying wholesaling?