If you made the note requiring payment being made to a servicer initially your ability to assign or change addresses could become more of an issue.

Many tools mentioned are for people with more rentals and more experience.You need a REALTOR to help you understand the market, find properties, write contracts, negotiate, and stay out of trouble.You need a lender.You may need a Property Manager to help you manage the property, but that depends on your time available, willingness to learn, ability to deal with people, and other factors.You will eventually need a handyman, plumber, electrician, and other professionals, but you can definitely wait until they are needed.

The Compensation Mechanic is Completely DifferentA Flat Fee MLS listing gives sellers the ability to display a binding offer of commission to buyer agents on the MLS.

There are numerous, so I will just state the number 1.Lender:  Pro - Higher interest rate (return) than most other passive investments with the same risk profile             Con - Higher risk than money market funds, many debt funds, savings accountsBorrower:  Pro - Easier qualifying than institutional financing with an ability to structure the loan “outside the box”                 Con - Higher interest rate than conventional or institutional financing 

Unfortunately, the purchase price side of things now makes price to get in outstripping rental market ability. 

Rent lands in my account - done.Tenants like the ability auto-pay.I don't have to be the bad guy with late payments.

For a wholesaler where every marketing dollar matters from what I understand I would think the 2 bedrooms would be tough because you do not know if there is the ability to expand to 3 bedrooms.In general a 2 bedroom is not very desirable to a rehabber unless like has been mentioned there is the ability to make a 3rd BR.

This would also give me way better knowledge of finance and ability to get good jobs long term, if I need to work a regular job.Can't wait to hear all of your thoughts, thanks everyone!

If not, does she know that your ability to close is contingent on your finding a buyer?

You need to have the ability and the wherewithal to take action by sending mail pieces and answering the calls.