There are plenty of profitable deals if you know where to look, and life is too short to pursue deals that are no fun to work.

My attitude is there are plenty of deals around so I never hesitate to walk on a deal.

There is a big 2 way fireplace in the living area but its built with plain red brick you'd see on the outside of an old building...and the stone tile on the floor surrouning it is definitely old and ugly, not fitting with te new kitchen that it opens up to.The basement would need to be completely finished, plenty of space to add a bedroom and a bathroom.I wasnt going to get real strict with the rehab numbers untill I got something from the owners as far as what they would accept.

@Justin Maynard,Don't give up.I've been going to the local Reia Meeting for 4+ years, and have handed out plenty of Business Cards.I would say, maybe 1 out of 20 people have become Associates, via those Business Cards.Keep on networking, it will eventually pay off.Raymond

BP offers plenty of resources for the new and seasoned REI.

What happened was the tenants wound up inviting ex-cons as they got out of prison (San Quintin) into the units to live with them.I wound up evicting everyone and starting from scratch.

If I am able to get my residents (I don't like to call them tenants) to sign a longer lease then my monthly reserve may go down a bit, but I only factor that in once I know the length of lease.A long vacancy (or longer than expected) can eat into your yearly cashflow very easily if you do not factor that into what you put aside, so just think about that when you are coming up with a good number...but again I usually do 7 to 10%...I know plenty of people who do higher...Hope that helped!

Great that you're on top of all this at such an early age.If you really want to Wholesale and are trying to pick a market then I would look at large saturated markets as my first choice where there's plenty of large quantity of densely populated houses.

your welcome.If Realtors are a big part of your of customer base, realtor.org has several reports that will give you plenty of insight into Realtors.

There's plenty of reading material as noted by the other members.