Seasoned ones typically choose wholesaling as their business model, because they can net 10k-30k or more per deal, in less than a month, and they aren't exposed to the market fluctuations or risks. that's a WIN for any business. 

With that being said we aren't really sure whether our excess should be put towards our debt or if we should use that to try to find our first property.Personally, I would love to put it towards our first property because this is something that we've been talking about for 3 years now and I'm at a point that I'm tired of talking about it and ready to make it happen (hence me dropping out of med school haha) but I'm not sure if that's that best decision and I am just seeking some guidance on managing debt while still getting started (and it hopefully not taking us another 1-2 years to finally buy our first property).One thing that we've discussed is house hacking while using an FHA loan.

I recommend also researching states and cities that are landlord-friendly and ones that aren't. 

If you aren't very tech savvy, grab a friend or family member to help you create that beautiful excel doc. 

Sure don't waste their time by going to see lots of properties when you aren't ready to pull the trigger but they can set up alerts from the MLS so you get emails about new properties and can start to get a sense of the market.

In Destin/PCB, we only have so much land and we aren't getting anymore.

@Jason Malabute - Why aren't you contacting the owners of the properties instead? 

I have a LVP project now, but sub floors aren't as level and perfect as one would like so was thinking glue down with luan underneath would be more sturdy and hold up better in this case than floating locking style.

If you aren't very tech savvy, grab a friend or family member to help you create that beautiful excel doc.

If the numbers are so tight that a month or two delay is going to put you upside down on your flip it's probably best to find a project where the numbers aren't as tight.We've had many recent clients have their previous GC walk away from the project halfway through and then completely ghost them.