@Kenneth Huddleston Eric is right about trying to make friends and looking for a mentor, they can help your learning a lot, but before you go out to any REIA's make sure your parents know what you doing, where you are going and who you are associating with.Maybe I'm just being overly cautious but it can't hurt to keep them in the loop and make sure they are comfortable with a mentor.

Staying power is essential and the primary job gives you that comfort level.

That's the best way to expand your comfort zone and to learn new approaches that you can bring back to your market - not to mention make new friends.

I personally do not feel comfortable yet wholesaling anything lol, If i had a mentor okay, but solo at the moment feels risky.

Build a relationship so they feel comfortable bringing you in on deals with little cash.

She thinks it is a great rental - I don't disagree with her, it is a great rental property, but one that I wish to get out of due to time constraints.I currently don't have the time to find a suitable tenant, and have not been able to find property manager or leasing agent that I feel comfortable with.That's why I thought I would try offering it in some way to cash investors who are looking for ready to rent properties.

As for where to go next, you could either require that he puts 5k in escrow somewhere, so he's not as motivated to just run, or just find homes for other investors if you don't feel comfortable with it.

Danny,You should have sent the seller something in writing explains everything like how much you were going to give the seller upfront on carrying the note and let the seller know you will go through escrow so that the seller will feel comfortable dealing with you.Joe Gore

I have a met with sellers and am comfortable working with people, how ever, I am having difficulty understanding how to structure a deal with little to no equity...Any advice is much appretiated!

Bryan, the only case I am familiar with the LLC did not really come into play either.A tenant's child had gotten sick.