@Michael HollingheadYou post that you are looking for a house in Alabama or Florida on an Internet message board,  wait 24 - 28 hours, and your inbox should be a flutter with wholesalers - both pros and cons.Next lesson - not all wholesalers will being you a better deal than you can find on MLS ... in fact, some will try to bring you properties off the MLS ... marked-up of course :-)Now, to be fair, there are excellent wholesalers out there who actually know how to properly analyse a deal and estimate rehab costs ... you just may have to wade through and trip over a lot of pretenders to find a diva.

I am talking a trip down this road now, and hadn't considered the effect of #3 yet.

The more houses you get, the more cashflow you gain (or should =P) so everytime you close on a property, you two will take a trip.

Hello Roshan,I would be happy to meet with you when you make your trip.  

Thank @Joseph HamaouiI did not get make that trip.

The questions in my head, as a banker:1a) Does the borrower have solid character?

I plan to take a couple of trips down to meet with realtors and to familiarize myself with the area as I understand Philadelphia is a city of neighborhoods and competition there is pretty steep right now.

I plan to make a trip out to St Louis so I can better assess in person what the possibilities are as well as hopefully meet some people I can work with (real estate agents, contractors, property managers, etc). 

It only allows 40 trips for month.

The only thing I've found which could trip you up is private infrastructure, increased county taxes, and water leaks.