In addition, having my parents cosign the loan should eliminate the concern of no income.

#Garrett Honea I’m in a similar spot on a property that we have pushed rents to market but want to find some additional revenue.

Unload the most problematic rental and have a handy person lives in one of them taking care of the rest. 

.#1 Save your money for a down payment on a property which will allow you to live in as well as bring in some additional cash for your real estate journey.

@Jenny AdelWith the size of your portfolio plus additional PM duties, you should be able to qualify.Unfortunately, there is no defined list of what time does or does not qualify.

I will need to put 25% down for the loan and will need to show 6 months worth of expenses in additional funds but beyond that should I also have $X set aside for the first year's expenses?

Investment-wise, I purchased a single family home in Lancaster, CA back in 2010 which I unloaded last year for a decent profit.

Recommendations based on personal experience would be highly appreciated.Also, if you have additional info / best practices you would like to share regarding homeowners insurance that would be great.Thanks, Guy

This may be someone looking to unload a property and make some quick cash.

@Nathan Platter shouldn't a wholesale contract include language such as "the buyer and/or assignee" Or do you just throw that in the additional terms of the standard residential agreement?