No American banks have branches here in NZ< though that may change with new regulations regarding trading which appear to be coming in, in the next few months.

However you would be doing an eviction if they don't leave by then so if you need to serve additional notices to ensure they are out do so as soon as legally possible and tell the tenant I am only doing this so if you don't leave as agreed we can take legal action.

Hi All, an interesting article about Out of State people taking action in Colorado's Real estate market. http://www.crej.com/news/state-buyers-show-affinit...

There are definitely a few benefits to keeping them separate, and potentially legal implications depending on where you invest:Opening a separate account for security deposits will ensure that there's no chance of them being spent - this is the one that might be legally required as well.Keeping a separate "operating account", even if you're not a business, can absolutely help you keep the two sides of your finances apart and more accurately track income vs. expenses and the reserve level that you have for the properties.Theoretically, if you're using a very detailed budgeting/outflow tracking application or scheme, you could make the operating account unnecessary...but it's a very small action that will help you simplify things greatly, especially around tax time.

Many other experienced flippers to chat with in SoCal too (but I'm not one of them) ... challenge for you will likely be financing as most really good deals can only be purchased all cash (or via hard money loan).You may need or want to partner to trade some sweat for experience.

Congrats on taking action and working towards your financial independence!

Study up and take actionable steps to achieve your dreams!

The construction cost has been soaring in the last 3 years in the Bay area (I work in the corporate construction industry and our project management office is forecasting 10% fee escalation in all of the MEP trades in this year).

I'm just looking to put as much into action as possible for when I'm ready to make that first purchase!

Not least of which is to check with the state you're wholesaling in for any restrictions on that kind of trade.