Rehab a property, then create a traditional mortgage to pull my cash back out for next project.  2)  Get home equity loan...rent out my house in San Jose, CA for a good amount of rent income...then use my loan to do a flip somewhere more affordable.  

Greatly appreciated.I have created a LLC for wholesaling to get started.

To create a false sense of cash flow.

@Andrew BeaverYou can create a list from list source to direct mail.

I put the few questions in parentheses.Thank you, Tony Plan:1)Find buyers and make a buyers list--Market your wholesaling business---Using bandit signs "I sell houses dirt cheap"---Business cards---Internet2)Find a lawyer that can help make a contract with a due diligence clause and option agreement3)Find my target area where I will do my house searching--Using the Central Appraisal District4)Find distressed properties--Tall grass--Piled up mail--Boarded up windows--Take a pen & paper, take notes and pictures of the property5)Create an excel spreadsheet of the property--Owner-occupied?

Using leverage to create cash flow and give me the ability to  build my net worth quicker using less money, Thanks again,Eli 

I put the few questions in parentheses.Thank you,TonyPlan:possibly start out with small, unimproved/vanant land1)Find buyers and make a buyers list--Market your wholesaling business---Using bandit signs "I sell houses dirt cheap"---Business cards---Internet---Real estate meet-ups2)Find a lawyer that can help make a contract--due diligence clause--option agreement--allow both parties to know who you are representing to avoid legal disputes (buyer & seller)3)Find my target area where I will do my house searching--Using the County Appraisal District4)Find distressed properties--Tall grass--Piled up mail--Boarded up windows--Take a pen & paper, take notes and pictures of the property5)Create an excel spreadsheet of the property--Owner-occupied?

The purpose here is to create enough captured equity that I'll be able to 1031 the houses (defer taxes) and afford the larger loan for a multi-family later on.

Another option is to create an LLC and partner up with your fiancee and think long term.

TD9107 is regarding capital expenditures for acquiring or creating intangibles.