Use wholesale income to generate larger reserves and then>house hack multi-family>scale multi-family empire over 5 years

Facebook can also be STUPIDLY powerful for selling flips, networking (which you should be doing on Biggerpockets as well), and generating motivated seller leads. 

I still don't have a good estimate of the rental prices, Zillow is suggesting a number but I don't always rely on it.If the renting out the property generates cashflow, then I will buy and hold.If the property does not generate cashflow renting it out, would it be profitable to buy the property and resell it, since it is on foreclosure?

FIND THE PROPERTY Section 1: Identifying Potential Flip PropertiesOne of the key challenges of flipping property is finding a property that has the potential to generate a profit.

It generates $200/mo. income provided no repairs are needed.

When you find the right market to invest in - look towards a multifamily to generate cash flow - once you have enough income to cover a missed payment you can start looking into SFRs.

I'm personally not into buying trailers unless I have a plot of land that I can generate some amazing cashflow with. 

It leans a little towards appreciation, but I still see deals that generate very good positive cash flow. 

Have a PMS system that will generate one for you for free.

That starter loan money plus a couple of strategic IOUs allowed us to renovate the property and start generating cash flow.