Read the book "Inc and Grow Rich".

Looking forward to watching you grow as an investor.

I was thinking of using a buy and hold strategy or wholesale primarily in Greensboro, then hopefully expanding from there as success/failure and confidence grow.

For instance, in places where RE value faded significantly, the mortgage UPB can be say $200k (let's just assume the only portion of the judgement is the UPB for simplicity sake) and the home is worth only $50k.

An amicable solution is less expensive than legal fees in many instances.

looks promising over there, growing area, good schools.

I am hoping to get two or three properties this way to start my land lording career and continuing to grow as I learn how best to manage tenants and workloads.

For instance: the PMI on our property is more than $300/month.

I am still doing research but I think my next property (besides a primary residence for my growing family) will be a multifamily in a more landlord friendly state.

If you negotiate a deal that will make someone else a strong profit, you will be in good shape.Overall, and especially with your first contracts, don't get greedy with your fees... start smaller until your reputation for finding good deals grows.