I plan on eventually having both, but was curious about what you guys think the pros and cons are.

I'm looking to expand and find a team to eventually do this full time.  

I started out bird dogging, going door to door with a foreclosure list and eventually worked my way up to managing 30+ properties throughout the entire short sale process with their respective lenders.

@Samson Kay that would depend on the demographics of the list.Absentee owners 3 to 6 weeks apart (and you can repeat) Dominoes doesProbate might want to shorten the campaign and a different message but the life of the list has an end much shorter than say absentee ownersDivorce not a very long life to the list because eventually they will do somethingRemember it does not have to be perfect.

I want to start by wholesaling just to get my feet wet, establish relationships and build capital and eventually buy and hold.

My dream is to eventually become financially independent from monthly income generated by a portfolio of rental properties.

Eventually I would like to obtain a couple rental properties and maybe even do fix and flips. 

And SOOOO many people who arent truly motivated.By asking all the right questions and getting as much information as possible you can usually tell if someone is motivated enough for you to make a meeting to see the house.You will eventually get a feel for this, however, your instincts arent always 100% correct either.

I am in the insurance business by day so I will be wholesaling part-time eventually transitioning into RE full time.

Eventually, this investor sold the entire portfolio and went back into buying single family homes without HOAs.