I'm just up the road from you a bit.In my mind, your area is a perfect location to buy and hold multi-family properties.

@Robert Lapp, Dan Walters makes a perfect point and it applies to any list you are borrowing from a wholesaler.

Jackie Lange explains it perfectly how a serious wholesaler should operate with EMD

There are a lot of pre foreclosures in my area perfect for wholesaling.

Second the rents in the area for a 3b/2ba are $1150.00.Elliot Mendoza I am perfectly happy waiting to eat a better tasting cake!

It isn't perfect, but is good for starters . . .

Orange County has an unemployment rate of 6.5%, good wages, colleges, world class medical research and hospitals, amusement parks, sports leagues, natural resources, and perfect year round weather.

Thanks Glenn, I would think in the perfect world everything is for sale at the right price but, where I'm thinking of doing this project is a small city where it's at a crossroad.

With the goal of raising capital and perfecting a system to wholesale houses in four cities within a two hour drive of me (Indianapolis, Columbus, Dayton, and Cincinnati).After that, I plan to look into rehabbing houses, commercial real estate, and other investment opportunities.Financial Goals:Obtain $50K in wholesaling houses by July 16, 2013.Have a net worth of $1,000,000 by the time I am 30 (9/22/2019).Have a net worth between $10-20 million by the time I am 55.Currently SeekingHelp getting started in my real estate career.

I estimate it would cost about $20,000 to subdivide, add septic tanks, and have power installed.