I’m going to start calling around to local businesses and see if I can generate any leads! 

We are still seeing fantastic margins on our off market deals though (generated via marketing, not from wholesalers).

I would hope to utilize this to generate some capital to move into more traditional buy and hold rentals.Does anyone have any experience with this strategy?

Now if you do use it and you are generating loses those loses might ultimately get suspended and that could depend upon your income and whether you qualify as a RE professional.

You will get title insurance and adequate hazard insurance, there will be a closing attorney or title company handling the transfer of funds, and you will get legal documents drawn up (DO NOT use an online template) by an attorney familiar with lending in your state (which may not be the attorney that closes the deal because they often aren't generating loan docs, but receiving them from lenders).

In terms of buy and holds (cash flowing rentals) the opportunity is overall high, obviously based on how long you are willing to hold because the market in vegas has the ability to generate long term holding equity with the fact that vegas is a top 5 growing city in the country currently.

So far these have been doing well, located in college towns, east to rent out and generating revenue.

In my opinion, the hardest part about starting out in Real Estate Investing is the bloodline to the business GENERATING MOTIVATED SELLER LEADS.

Are you all seriously STILL advocating to people that want to be succesful to rely on a lead generation system that has a 1% success rate?

(I actually found out this is how the lead generation companies are running their ads to sell Agents leads.)It can be tedious but well worth it.