For example, research supporting why you're focusing on homes in the price range of $100K-180K, why you plan to market your properties through Craigslist, etc. because someone other than yourself may be looking at your plan at some point and they need to know the method to the madness.Good points to research are:- How fast are homes selling in your target price range- What is the median income of the local population- What is the median family size of each household- Where are the best neighborhoods located; best schools- Marketing: how are you going to convert leads into sales?

The buyer who you'll be wholesaling it to should have the cash up front for it, because eventually he'll do a fix and flip, or a buy and hold..  

You can use it for a multi-family home, in which you eventually convert to an investment property.But in order to qualify, it would definitely have to be your primary residence and within reasonable distance to your job in NY.ThanksEd

But if you stick with them, the sellers eventually drop their price.

If it sits long enough getting low ballers maybe he will eventually figure out he isnt being low balled, he is being unrealistic.

.: ~$2,300Total est. cash to close:~$13,000monthly interest: $552 ( 10.99% APR for 12 months and interest only payments)The total cash to close for both deals is around $26,000CONVENTIONAL: 20% down to close, 4.75% interest rate, 30 year I would want to do a cash out refinance with both properties eventually anyway, so which one should I go with?

Golf participation is down quite a bit from the peak years and some of the courses around me (Illinois) are not doing as well as they were.I think there's a better and higher use for most golf courses by converting them to development to be honest.......But your example suggests thats not always true.

My goal, like most I think, is eventually freedom from my 9-5 and financial security for my family that no 401k can ever provide.  

Most residential leases have a clause which converts them to month-to-month if neither party notifies the other in writing that they do not wish to continue the lease.

I would live in the one side and rent out the other, then eventually rent out both sides when I purchase a single family home to start my own family.