I continued renting to them, and the prior owner never fixed anything, so I fixed what I needed to fix and left them with no security deposit.

How long have you been wholesaling, how many deals do you wholesale each year, did you start out wholesaling, and why do you continue wholesaling rather than rehab flips or holds?

However I would like to continue operating the property-management side of the business.

If you just did this work full time as a contractor on other people's properties I think you could make way more then the $40 profit in 2 years (+ free living while you do it).Or continue to do flips but oversee the work on yours and several properties at once and leverage that skill into more profit.Just food for thought as to how you can take that passion and skill that you have and make it work for you even more.

My approach has been and will continue to be a buy and hold strategy spanning core and value added investment approaches.I found BP through Brandon's website Real Estate In Your Twenties (great site Brandon), which I visited while searching for REI book reviews.I'm looking forward to contributing to the community and tapping the wealth of knowledge offered up on the site.Paul

Then I could claim depreciation for half of 2010 and all of 2011 and 2012 which would help offset the repayment.

Amie, to your question about investing out of state, being that you already have the properties there, I see nothing wrong with continuing to invest in that area.

I’d continue saving while working on my credit.

Hopefully the trend continues.

If I've miseed a previous forum on this topic please direct me to it as I couldn't easily find it.My situation is that I have a rental property which I've purchased for cash and wish to continue holding.