They go from being a tenant to viewing themselves as a maintenance man or manager.

@Charlie Fitzgerald does private lending here in Las Vegas and I believe he can provide you with a lender's perspective, as far as how your existing condo would be viewed from a lender's perspective.

Matthew Paul I apologize, I was using the mobile app and it did not allow me to scroll down and view the bottom line of your last comment.

I used to live in Chelsea and paid ridiculous rent for my studio after my company stopped paying for my relocation.. just bought a 2bedroom in the middle of union city, old brick building, less than 150k and its berautiful, got full NYC city views and rented on of my rooms for 900/m, so now im living free. 

Ive read the UBG several times, the guide to screening tenets, bought and read a copy of Rich Dad, Poor Dad, and pretty much anything else I can get my hands on.My plan is to follow a buy and hold strategy, and possibly throw a flip or two into the mix.

I would caution you that a Wholesaler that just "assigns" away contracts can be viewed as "predatory" and can lose their real estate license.

Let's hear your views.

I viewed the property and ran the numbers in order to validate if it was a good deal or not, and came to the conclusion that it was.

I would ask if you can see the invoice, it really should be scanned in for you to view and provide when you process your taxes

I also had issues with tenants that came with my first purchase - another reminder of how important it is to screen before you let someone in.