I agree with @Nathan G. that a quick consult with an attorney before you embark on launching your land lording business would be a good idea.

Congrats on embarking on this new journey.

Hi Michael,Before embarking on this part, you might want to have your down payment ready to go in cash.And be pre-quailified by a lender for $X--and have the lender ready to go.That will steer you into the number of units you can buy, and also allow you to speak to these people with concrete authority that you are going to be an owner (employ them) vs just some guy ringing their phone off the hook.Having the loan ready to roll will also tell you if you MUST use a management company or if they will let you self manage.Line up a Down payment, a Lender, a Manager, a RE Tax Pro, an eviction attorney, (If you are going to LLC talk to an asset protection attorney about this then talk to the Tax person).Good Luck!

Welcome Derek...you are in the right place and congrats for choosing to embark on a fulfilling financial journey. 

I flew there, made an offer, and moved weeks later to embark on my flipping career, using credit cards mostly for repairs and even contractors where I could.

Looking to gain as much knowledge and mentorship as possible as I embark on this journey.

As a buyer's representative, we're legally obligated to help you get the lowest price and best terms for YOU, the buyer.2nd, I would advise you to do a little more research on wholesaling before you embark on a journey to "flip" a property to another investor for $5K.  

@Teresa DinningWelcome to the BP community, where you will find like minded individuals committed to REI and also helping others succeed.Your time on this social media site will be well spent.You have taken your 1st step by announcing your readiness and commitment to embark on a REI career.Whether you pursue, wholesale, rehab/fIip or buy and hold it's up to you to decide, but there are no restrictions if you want to do all of the categories mentioned.The bottom line is that you must take action to start.

Ten years ago, I embarked into Tax Liens / Deeds.

Now retired in my early 50's I am embarking in real estate investing.