. :) So basically, find someone to daisy-chain my money with, until I have enough money outright to do loans with, right?

I atleast understood first the basics and I've met a rehabber who I bring deals to and she walks me through a bit on why the numbers work or don't work.

I'm still trying to get a better understanding of what are basic rules and which can vary depending on policies, location, etc.

You are basically asking an established wholesaler to risk taking a chance on you.

My general understanding of a valuations indeed comes from the basic rule of supply and demand but I also know that housing is married to the job market e.g more jobs more people will buy.

I explained the concept to him and he basically told me that he doesn't really have experience in it because he doesn't think that is something that the Long Island market is good for.

Chris, the basics of any loan (and the attractiveness to the lender) come down to two main factors....cash flow (aka net profit, income, debt service) and asset coverage (aka net worth, ARV, secondary support, LTV).

and then who do I sent it to say if it is a REO, or who do I talk to at the bank, I guess this maybe very basic, but I thought it would not hurt to ask.

Currently I have one house that I live in and one house in another state that I rent out and basically break even on.

My very basic plan is maybe 3-4 flips then a rental, 2-3 more then a rental, 1-2 more then a rental, moving to rental as I can.