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.

Once you find out one is unreliable, don't waste time arguing with him or setting up additional visits to fix what he didn't fix the first time. 

.#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?

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

@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?

Additionally, renting is a passive activity, so the losses are limited.Flipping is active income.

(In addition to the 90k equity left in the deal)Hope this helps!!