If you are ever forced to sell, or you end up with toxic tenants you might be finished.

@Matthew Samson, I'm all for burning the ships and going all in, but with this in mind, hopefully, you have some reserves saved up.

I am happy to refer you to someHi, yes I have my EIN and Lp all set up just looking for a deal now 

I’m gonna try and find the bigger pocket meet up here in NWA that’s suposed to happen tomorrow!

It looks like a lot, but most of what’s listed was relatively small and cheap.We’ll return to how we responded and why, but for now, I’ll just note that not only did the inspection ensure the buyer wouldn’t be completely blindsided by something like all the floor joists having been torn apart by termites, but what we ended up agreeing to more than paid for the cost of the inspection (usually $300 to $500).

I plan to start searching for properties when I have 50k, but likely will have more reserved by the time I close on my first property.

Our drywall subcontractor also sealed up a few vents which caused some rework.

Do you also set up the LLC or do you not do that there? 

OR should I base it on a percentage of equity earned that is predetermined before we close on the property?  

Hey James, are you saying that wholesale prices have gone down or up?