I'm very new to the game and I'm eager to learn and start as soon as possible.

At BP, the possibilities are endless.

Hi David, thank you for this it is an interesting read and there is lots of good food for thought.But for me I am not a fan of Syndication, (yet) and I do believe that the main reason for this is the lack of direct control I end up having.I have ventured into Partnerships over the years and with the exception of the one I have with my wife, none of them worked well for me, I understand this is more than likely a result of my approach to them, so I am confident that I can make it work, to me its a matter of finding the right place, and after a lot of conversations about Memphis I have decided this is not where I want my first Large Apartment purchase to be.I am now going to expand my search into Texas and possibly other surrounding states to see what can be found.

We tried to keep as much original as possible since the house was over 100 years old, but decided to just gut the Kitchen and Bathroom since they were awful. 

A possible work around...

HELOCs are more difficult to obtain on rentals but it is possible with some banks.

Always remember to do the math analysis and try to look at the subject property or at least have a clause in the sales contract that will allow you to inspect the subject property and possibly back out of the deal without a penalty that will hurt you.Do not try to do everything yourself.  

I am here to absorb as much information as possible to succeed in real estate.

Or even possibly another option that I don't even know about.

what is the maximum profit you can make on a wholesale dealis it possible for the seller not to know about your profitCan the seller legally put you in trouble about how much profit you make