I’m not a wholesaler, but I do source most of my own deals.

They are also very intensive with sourcing and overseeing projects.  

You cannot get a loan for the down payment as all funds for down and closing are traced and sourced for the preceding 3 months. 

One common takeaway from every informational source is that networking is absolutely vital to succeed in this line of work. 

In my case it's my real estate agency, but it could be your day job, flips, wholesaling, or another business you start.While it's doable, I think it's really hard to quit everything and jump into long term investing full time right from the start.By building my active income first, I now have a way to pay my bills outside of my investing portfolio and it allows me to source financing easier, open LOCs, etc.Also, I've worked really hard to get my debt to income down on things other than real estate (i.e. credit cards, car loans, etc).

He has a visa restriction and can't show second source of income beside his day job.

Because in my opinion you do need an energy source to get things moving.

One source of cities to avoid is Neighborhood Scout's 100 most dangerous cities.Disaster Risk - Some parts of the country suffer frequent natural disasters.

They are staying in their current place from past 8 months and their current landlord gave good reference of paying rent on time,  but I don't see a reliable source of income to make my decision.Any thoughts?

But if you get to the point where you're negotiating, then you're in a good spot.You can use list source to find and generate list but just know, mailing has 1% response rate.