I'm really intrigued by the idea of buy and hold investing for the steady cash flow.

(spend 4k for the remodel and supply's)  after all the repairs the trailer should rent $400 a month.

Supply in my market is very low.

There is still the issue on cost/benefit and required ongoing costs to buy and supply salt.

Be extra careful with the sizing of the existing plant before you ever consider a conversion like this.Tankless electric heaters need  high current circuits.Tankless gas heaters need larger, higher load gas supply, chimney and venting systems.The project will not be a simple plug and play.

I own several multi-family properties. i recently started the RHO (Road to Home Ownership) program devoted to helping people with steady income but damaged credit and/or insufficient down money to purchase a house.   

Hell Ryan, I like your last name by the way, lolAs far I as I know the proper way to run wire is to fish it through the walls, maybe if your handy you can see what a electrician would charge just to run the wires if you supply the material ( make sure you have what's needed ) then you can install the fixtures and outlets.

You will have the following expenses even before you buy that first house.Computer for your officePrinter for your OfficePhone system in placeGas tracking expense while checking out propertiesMileage tracking Phone expenses for business calls related to finding propertiesEducational courses and books to help you learn the businessOffice Supplies, and this is just a start.  

My main goal in life right now is to be able to make enough money where I would no longer need a job and still have a steady income.

Another general question :)For those that have serious wholesale businesses, in your opinion what percent of money do you spend for all your expenses, marketing, selling, equipment, office supplies, gas etc. etc., not including taxes.So if you do 20 deals at $5,000 profit each on average and make $100,000 in one year then xx% would go towards expenses.