That's how I think about it, because the reality is you had the choice to sell 100% of the flipped house and use that money towards another investment instead of taking out 30% and renting it. 

The first is to provide housing in the area of our choice (awatukee foothills) for our childrens school district (my husband and I have 5 children 14,13,8,4,2).

Then you're going to quit your job where you would have been able to absorb those capital expenditures or they would have paid for themselves over time because the properties were cash flowing (and continue to cash flow) where if something happened in the newer properties in the cyclical markets and you had already quit your job, you would be stuck.Not much of a choice, but I say go midwest.Stephanie

When the property is paid off in 15 years, I will have the choice of 1) Enjoy the 'bumped up' cash flow of about $1200 per month 2) Do a 'refinance' or 'cash out' of say 180K on a now 240K property and let the renters ALSO pay that off for me or 3) Sell the property outright for 240K. 

After doing some research on the internet and talking to my mentor I finally found out what it is....ROACH POOP!!!! 

This answer should continue to drive your choices as you invest.

If you do, and it doesn't specify that it's only if they find you the deal, then legally, you have no choice but to use them for the purchase.

THE NEGOTIATION:Initial offer $95k w/ 2% Seller ConcessionsCounter 'Final' Offer Received at $115.5KCounter 'Final' Offer of $115k with 2% Seller Concessions submittedCounter 'FINAL Final' Offer received for $115.5k and 1% Seller Concessions (Accepted)My agent didn't want counter the final offer but I pushed him to - and glad he did! 

Hello All, I am this newbie mentioned and I have been educating myself on wholesaling for about a year now and I am finally confident enough to take some action.

Hello Bigger Pockets,I have been  lurker on the board for months and finally decided to hop in on the fun.