Ensure that you have enough equity up-front and that rents will cover your costs and generate positive cash-flow.

This includes Income, less expenses, giving you your bottom line.This example shows that this home generated a late fee of $25 which is income and an actual rental income in the amount of $1,100.00 at the time I ran this report.It also shows that I had some repairs on this home.  

Systems, Automation & Scaling: Also, I have watched / heard the LO gurus talking about 'automating' and 'outsourcing' practically everything... from buying leads and using foreign and domestic VAs that generate and / or 'pre-qualify' people, to even doing their follow- ups and booking appointments for the deal maker... to 'systematizing' practically everything else, under the sun.

Newbies tend to get into wholesaling in the beginning in order to generate enough money to get into buy and hold.

- Note, I know what comments that comment might generate, I am not being caviler I intend to get it done now, and once i have it rented and things die down I will go back and double check that I did it right.Thanks in advance, trying to navigate this.

I realize this will change in the future but for now I'm generating over $6k annually in cash flow.  

Paying 4% APR on a mortgage for a home that will potentially appreciate in value and generates an income stream from rental is not the same as paying 22% APR on credit card debt incurred to buy the latest pair of designer jeans.The question you ask yourself should be what return can I make and what are the risk i take on to make that return.

I like the idea of taking advantage of the multiple wealth generating mechanisms Buy-and-Hold offers.

I had a similar situation, where the tenant was looking for an SFR to pretty much run her business. she generates 8k a month as a childcare provider!

I have "FREE" ads that can and do generate 20-50 calls per week of nothing but buyers.