@Andrej Bru wholesaling is not something that I am involved in, so I dont have any specific recommendations for educating yourself on that system.

Just to be clear, you are asking if you should (a) walk away with $20,000 or (b) take a multi-year 100 point hit to your credit and potentially be sued personally for any outstanding debts that aren’t extinguished by the foreclosure auction (depending on the rules in your jurisdiction)?

Less for basements that aren't finished, garages, and decks.

@Florence Lee, @Philip Robbins - So glad to hear that you find the meetups useful and educational.

No need to worry about tenants losing keys, accidentally stealing them, and if you aren't able to let them in telling them a code is very easy. 3.

Again, these would be distributions from the LLC.I'm guessing #1 circumvents the LLC from realizing taxable revenue (as loan proceeds aren't revenue), but in #2 the LLC would be recognizing taxable revenue.Sorry!

I’m sure there are some companies that are good at both renovation AND property management, but I’d assume most aren’t.

It requires extensive investment, finance and real estate education to come to a conclusion.

From what I hear and read, South Florida, and Miami in particular is currently not a good investment market, and I see that as a good thing for me because I need 2-3 more months of education and networking before I can even come up with a sound strategy. 

My husband and I bought our first duplex 2 years almost to the day and we have been working to get our next investment property in the near future.In all my research and education, I've realized that I feel stuck in my current day job and I know my skills are much better suited for the real estate industry.