Here is a good post about how long items last and approximate costsfor new houses, your capex potentially wont' be an issue for a few years, whereas a 10+ year old house will start falling apart if not properly maintained.Thoughts?

I guess it wont let me put contact details on the forum so just message me if you want the number or email 

When I asked about it they said that it was because I show a loss on both rental properties they wont count any rental income.  

And the second benefit is to find local investor for potential join venture and finance in NZ Christchurch where you wont be able to do so since you are not allow to post topic to find people that willing to join venture if you are not PRO member correct? 

The property in this example exists.123 acres-$160,000Knock 20 acres out for county road, wont know exactly how that will go till survey.100 acres divided into 5 acre lots=20 lotsCostsLand  -  160,000survey- 8,000Legal paperwork and blanket owner finance contract 2,000road-20,000-this is a estimate until survey, county roads here are just graded gravel.Income20-lots25,000 per lot20/years @8.9 is $223/month20x$223.$4,4601.

I wont waste your time.

Purchasing Existing".On a side note, I remember listening to Buffett speak on YouTube and he mentioned that he looks for businesses with solid management, good client base but suffers from POOR CUSTOMER SERVICE.  

If the owner(s) recklessly borrowed and lost money, made business deals knowing the business couldn't pay the invoices, or otherwise acted recklessly or dishonestly, a court could find financial fraud was perpetrated and that the limited liability protection shouldn't apply.The company's creditors suffered an unjust cost.

300 is not a ton of money so probably wont make or break you. however for a wholesaler the 2 main things you need are 1. source of properties 2.

His name is Britt Walker (wont let me tag him).