Just make sure you know how your going to setup your take-out/permanent financing before you start this process as cashout refi's for conventional have seasoning requirements now and delayed financing has rules and timelines as well. 

I've been wholesaling for over 8 years and I promise you, there is more knowledge to be gained by getting started and learning from real world, hands on experience than from paying $2,000 - $15,000 to some guru from Youtube.

I assume if you are a reasonable person you would select option (a).

Section 8 rentals are a huge opportunity in the area, and medical students/employees at the nearby hospitals are a great pool of potential tenants as well.

Well, you see, it all goes back to the ancient Greek lunar calendar system.In short, it's "loony".I think they mental shortcut for a "month" being different from a week is easier for regulators to grasp.

In my STRs, I have a little store at one property with eggs, honey, soaps, etc and that has done extremely well.

I am definitely looking to build my lender network as well.

With your $50K in debt, use the cash flow (keep some aside for taxes) to pay down the debt as well as any other money you can (assuming it is a higher interest rate). 

It is, it has NOT gone well.

Hey @Chelsey Coleman, well it sounds like you could do it that way.I would first start with locks on all the interior doors where you don't want the room occupant to go.