I sometimes question the risk and stress involved and think i need to keep a carrot dangling in front of us to achieve greater things.

However, if you're looking for high Cap Rates (>10%) in good areas at retail prices, that's what you're really left with.I used to live in California and decided to sell my assets there and move to Las Vegas to achieve better Cap Rates, but still have some room for appreciation.

BP is a great site for folks to network and help achieve their goals.

I wish you all you can achieve in the new year and on that note....

Good luck on achieving your goals!  

Generally speaking, when people start out in a business or any kind of relationship it's all optimism and excitement in the beginning (ie: no one plans for a divorce the day they get engaged!).

with SFRs the reason I say scaling is you have one door to rent.. if you have a vacancy your 100% not bringing in income.. if you own 10 rental homes and you have a vacancy you are only 10% vacant.. and the others will cover your vacant.financial freedom with rentals is a numbers game you need numbers to achieve this.so just buying one or two usually is not going to get you were you want to be.. that's my point. you may want to go to our turn key reviews site  Brie the owner does pod casts with folks that own SFR's and she owns a ton of rentals herself.. there is some pretty good feedback there that is totally specific to this type of investing.And I understand that you have to start somewhere.. however again my point is if your in a non appreciating market the money is made in having as many doors as you can handle .

Purchase price= NOI / Cap rate. if you use that math it would be 3075/ 6.72=$45,758 purchase price to achieve that cap rate for the townhomes. i came up with a cap rate of 1% based on your NOI and purchase price.

ALL Wholesalers will want to pay you less than $135k, so when you tell them you won't take less, they (and the future Wholesaler you) NEED to move on...Your other possible market, Direct Investors, will want to know how much rent they will achieve (as a percentage of their purchase and rehab costs) if they buy to hold.

In the near future, I hope to gain a solid understanding of wholesaling to potentially grow capital exponentially to achieve my long term goals of a more passive income.