I was on the agency bad boy list for about a year, but ultimately the deal was saved, and we ended up making a 18% annualized yield. 

That also takes into account paying for property management, vacancy, repairs etc.

Here are more details:First opportunity is a buy and hold 4-unit property in Yonkers, which could be a good option to walk into as a first time buyer as I will start off cash flow positive, but it's in an area that will not see as good annual appreciation as the 2nd opportunity.

Here are more details:First opportunity is a buy and hold 4-unit property in Yonkers, which could be a good option to walk into as a first time buyer as I will start off cash flow positive, but it's in an area that will not see as good annual appreciation as the 2nd opportunity.

Both our tax accountant and financial planner are against the cash out because of the fees, but we have no other option if we want to get into investing in RE.

@Katie Huynh you didn’t account for capex, repairs and the vacancy is low.Also in my experience 7% for PM is low.

I am in the final stages of writing my contract for my wholesale deal (I meet with the sellers to sign tomorrow) and I just want to make sure this is 100% without a doubt right.So, I have it written in my contract that the EMD will be credited to the escrow account at my title company FOLLOWING the 20 day inspection period.

https://www.forbes.com/sites/lawrencelight/2018/10/18/new-investment-trap-tapping-your-retirement-accounts-for-real-estate-investing/

What does this mean and why can’t the deposits go into my personal account?

If you don't have money for maintenance or don't have the team for maintenance, then you have unhappy tenants and eventually an unhappy bank account.