The great thing about depreciation is that you don't actually spend any cash to generate that deduction.

If my state, I can do up to 5 loans a year without being licensed.Please advise.

I would love to have a meeting with an experienced wholesaler in my Twin Sities area, who knows the laws here and could answer all questions for about an hour, go over some contracts and forms, and advise as to the best one to use.

Please advise.

The 2% "rule" is just a screening tool that says a residential rental property must generate a monthly rent of about 2% of the purchase price if it is to have an acceptable positive cash flow.

Do you have other assets you can sell or mortgage to generate more cash?

ok thats great.I appreciate the great advise you been given me.

However, I've calculated that the monthly interest generated on the money I'd receive from the sale of my townhome could cover the difference.

At this crucial point you are approaching the danger zone, because the doctor will request what seems to be innocent-enough contact information from you so he can put you in touch with his financier (like your full name, street address, and business and/or home phone number).As the doctor's move-in date approaches, you will be advised that the family is having furniture delivered (which is right at about the same time your check is scheduled to arrive).

I'm looking to start off for a while in wholesaling, just so I can learn the ropes a little and generate some cash, but eventually, I would like to get into rentals and rehabbing.