Your explanation was extremely helpful.  

Outside of legal ramifications and moral argument let's look at what the two business plans can do for the person attempting to earn their living performing them.In order for a wholesaler to earn a paycheck they must:Meet an extremely motivated seller and place the property under contract at a price so far under market that they can sell it investors who will capitalize on any deal that is under market value.

Since I don't have an extremely large portfolio yet, I am thinking of a part time assistant/property manager to serve as the primary point of contact for tenants, prospective tenants, venders & contractors..

Tenant selection is extremely important when investing.

They communicate consistently (in fact i have my own personal customer service rep), the owner is extremely knowledgeable about economics and investing and the company is a fun group to work with.

Hello, I am new to Real Estate Investment, but extremely determined to be successful.

I’ve done an extensive amount of research on how it works and I’ve got a great understanding of the basics I’m a new investor and I’m extremely eager to get my first deal underway.

I eventually settled on Atlanta for the reasons previously mentioned and also because I found property managers/agents at Excalibur Homes to be extremely responsive and helpful.I did a lot of searching for homes, I made my own excel sheet with formulas to plug in numbers on properties.

Seriously extremely helpful!

I think it might make more sense for me to live in the house to eliminate holding costs and do some of the rehab myself (which I know nothing about).My goal is to make $2000 per month of passive income from rentals, heck even $800 would be a life changing amount, but my current life situation makes it extremely difficult for me to save money and leaves me with little to spend, thus I can only afford maybe a $40k mortgage.It's really difficult to see where I can fit into this, maybe I'm just fooling myself and I cannot enter real estate?