To me over leveraged means you have big car notes  your CC are close to or are maxed out and your only making minimum payments you go buy furniture and you finance it.. you buy real estate with the least amount possible down at market prices.And your cash reserves would only last you a few months to service all the debt.So no retail debt pay cash for anything you consume or use  OTHER Than a vehicle and decent amount of TRUE equity in your real estate no FO equity IE refi appraisal but you know the home would never ever sell for that on the open market. bascially follow Dave Ramsy and @Steve Vaughan  over the years on BP has written some really good comments on how to build an empire while balancing family life and fiscal safety..  

@Jon-Michael Cortez-Alonso not sure how this will play out for you, but every legit lawyer I have met won't touch wholesaling...attorneys only get one license and when you knowingly draft docs that will be used to mislead consumers and ultimately result in brokering deals without a licenses...well...There are probably a bunch of bottom of the barrel lawyers you can connect with to get the docs you need.And yes, brokering deals without a license is illegal in nearly every state in the country...

Regardless of your choice, just remember that fear is part of the game and it's normal to have it but never let it consume you when the I's are dotted and T's are crossed, sometimes the only way is through so take courage and go on your way!

Justin called around to every hard money lender until we found one, we used my dad as a co-signer (he is a blessing & always very supportive) We get to the house after we closed, Justin and my dad look at each other and laugh as they tell me the bank installed a brand new room in the time they had it listed to when they out it on the auction site.

Second, I'd think long and hard about your financing strategy and how it supports or adds risk to your operational strategy.

I question how this could provide cash flow worth the effort.The rent per unit of $500 will get largely consumed by expenses. 

Its been a while since I've posted on Biggerpockets but I'm constantly consuming video content on YouTube.My name is Ray and I'm a Real Estate Investor in Rhode Island.

Local banks will do this for the prime depositors because that's in their charter to support their local market. 

We have been working with an agent that supports both purchase and financing of the properties, we are closing on our fourth property here into October. 

Very time consuming unless you can afford to hire a bird dog or 2 to do it for you.