However to have a consistent wholesale business it will take money for marketing and this would be our biggest expense. 2) You need an Earnest money deposit to put the deal under contract - typically $500-$2500 but can be as little as $10 or $100 if dealing directly with a truly motivated seller. 3) Money to make the deal happen - fees to a title company etc.

Biggest benefit you have though is that you're in TX which means it takes no time at all for an eviction so worse comes to worse at least it won't be too hard to take possession.P.S.

I know you make money when you buy, but the market is making this more and more challenging to do in my area.

I also went to GA Southern for a couple years so spent plenty of time in Savannah.The biggest advice I have is to make sure the numbers on any property you find work, i.e. it is anticipated you will receive positive cash flow.

Some people just get off on being the biggest fish in a small pond... while crapping on all the other fish...

The biggest thing I would have done differently would be in the negotiations to purchase the property.

Good morning Christopher, You might want to block out some time each day, have a written goal to accomplish, document that work, follow up goal for your next block and challenge yourself to a long term goal?

We plan to vacay and scout out the area for our own future rental property.I would think a good property management is key too, if it's a few hours away.Or at least an infrastructure to "clean"/ inspect between visits.I have seen many different contracts. some just a page, some a novel.I have seen relaxed landlording based on the honor system.I have seen strict landlording with RULES and REGULATIONS.I have been in homes, where stuff broke and they were able to fix it right away...that is my biggest issue b/c this lake is 2+ hours awayOne vacay home had a local residence to help monitor their guests (us)

For those of you who invest as a couple:A) what are/were some of the challenges you face(d)?

The challenge is building the local power team, funding and generating massive deal flows.