It has an unfinished basement and detached garage that I'd like to remodel into a second unit.

Thus far the main obstacle I'm running into is the market in this area...it seems very difficult to find any properties that banks are willing to budge on since even at ridiculous prices they don't stay on the market long.

It's all in the communication, the "know how" to get things done, the understanding of how banking and mortgage underwriting works, the networking of lenders, the "product knowledge", the ability to be accessible, the creative ability in offering solutions and overcoming obstacles, and the positive attitude that is needed in this business!

There's a main unit that houses 3 units and a detached building housing the remaining unit.

Hello folks - My biggest obstacle so far in starting my wholesaling venture hands down, has been finding cash buyers.

Once you solve those 2 obstacles you'll be smooth sailing ;)

Hello BiggerPocketers,I'm seriously considering selling a SFR, but want to get a sanity check from you.The property: 1150 sq ft, 3/2 detached home, 2 car garage, Estimated value $140K-$145KThe money: 2 years into a 30 re-fi, current principal = $128.5KPITI: $809, HOA: $58, gross rent: $950, management fee 8%, city tax; 1.75%So rent minus deductions is $857 - $809 - $58 = ($10) monthly cash flow.That assumes no repairs or vacancies (LOL).

Unfortunately that's not always possible as the paint comes detached from the surface below.

Nice profits are made.The only obstacles are finding high net worth partners who are willing to work with you, and getting construction loans.

––––––––––––––––––––About the Property––––––––––––––––––––Corner lot on a dead-end street. 4-acre property with a beautiful 2400 sq. ft home on it, along with a detached mobile home which brings in $850/month in rent.