My passion is traveling and I am going to work for the freedom to not be tied to the American standard of two weeks of vacation time (which typically must be approved by a superior, no less!).

I explained that I have strong ties to the area and have already done three deals in the area (with them).

But If they get tied into a lease; Technically you do have to honor it.

My seed money to start buying flips/ rentals is tied up in a piece of bare land zoned farm/forest without a dwelling on it.

He doesn't live too far away, so maybe I'll drive by and try to avoid being tied up in the basement.If I don't post an update, you'll know what happened.

You don't invest for the economy...you invest for the deal.This is why you shouldn't invest where your profit is tied to future events (good/bad) that you have no control over. 

It's simply necessary to tie your major to your current career (may or may not need to be clever here) and package it well for underwriting. 

Personally, I think KC is a much stronger cash flow market than most of the Midwest markets, especially St Louise.

Yes it can be sold, but as s wholesaler, particularly a beginner, you shouldn’t be playing with people in foreclosure.....the last thing they need is you tying up their property so they can’t sell it to a real buyer, then you end up walking away because you couldn’t flip it. 

This ties into the DSCR which is another way to look at the breakeven just shows how many times with your projected or in place financials can you afford to pay the mortgage (typical stable loans are 1.25x-1.30x minimums).