Your repair budget won't survive one modestly poor tenant turn, but your vacancy is a bit high so that could come out in the wash.

If he was asserting that the initial cash flow is poor he would be correct.  

To be proven wrong simply means you have an opportunity to become better because before you were proven wrong you were ignorant (as in unaware) of how and why you did some thing .. or even WORSE teach your poor innocent students that look up to you (and probably pay you) to lead the way, something completely wrong.

FHA appraisal came back VERY low and all parties thought poorly of it.

Fast forward after reading Rich Dad Poor DaD I realized if I bought my first home the cons would be-Liability rather than Asset-Long commute which wouldn't allow me to NOT come home 3 days a week due to Mandatory OTPros- We have our own space and privacy and not be in each others way using kitchen and kitchen table etc.Sorry for ranting, Just trying to figure out whats the best options to meet financial freedom earlier than waiting on my retirement at age of 58 and ultimately have our own place.FYI, I don't carry enough capital for a good area in the bay area for a 20 percent down but carry close to 800 in credit.Any advice is greatly appreciated!

@Russell Brazil Okay so it seems a safer bet would be to use joesmithrealestate.com right?

If you have not, great books to read are:• Rich Dad, Poor Dad• The Millionaire Next Door•Cash Flow Quadrant• Tax Free Wealth• Set For Life• Rental Property Investing• The Millionaire Real Estate Investor• The REAL Book of Real Estate• So Good They Can’t Ignore YouYou are more than welcome to reach out if you have any questions.

So in other words don't partner with anyone to show you how to wholesale because I am willing to bet they do it wrong, are dishonest about it and their lead generation strategies are laughable.THat said,get a website going, start your social media accounts, make noise, be noticed create your brand and document EVERYTHING on their.

If you have not, great books to read are:• Rich Dad, Poor Dad• The Millionaire Next Door• Cash Flow Quadrant • Tax Free Wealth• Set For Life• Rental Property Investing• The Millionaire Real Estate Investor• The REAL Book of Real Estate• So Good They Can’t Ignore YouYou are more than welcome to reach out if you have any questions.

Poor people have low value (to worthless) things, and things that are not are financed.Written into a lease or not, I still think (Trying) to take something of value from these people will result in a physical fight or a gun being pulled.Texas is a hard to collect state, but turning a smoke stained 11 year old big screen into $100 at the pawn shop hardly seems worth the drama/effort/personal risk.Some people will kill each other over McDonalds Chicken nuggets being out of stock--you never know how people will react to this.