Wrestling with the various categories, running your own metrics in Excel, and matching things up with Schedule E at tax time will open your eyes to all sorts of operational details you might otherwise miss.As you grow and add more properties, there are some great cloud-based "rental property tracking" solutions available at very reasonable monthly fees.

Some people are spending 10 to 20,000 a month or more to find motivated sellersBeing a transaction engineer and looking for other kinds of problems besides Wholesaling problems I think is wise to get startedMy favorite kind of problem for newbies I think is low equity, were you help the sore so I'm terms and make some money generally 3% on a lease option assignmentThe feeling I get from the OP is he thinks that one deal can make him "whole" and get him out of a difficult financial  situationA better plan is to get a job that pays the personal bills and borrow some capital to start a businessThe problem with Wholesaling as your only tool in your toolbox is it takes a long time for Marketing to kick in and many people don't want your offer so there's a lot of rejection in the beginningI like expired listings and talking to Sellers about other ways to sell their house besides cash@Cory Baker

throw in multiplication and division and they get cross-eyed.  

Yes, these are just some anecdotes, and I believe we will be in the ascendant phase of this cycle for some time to come, but I do think it's interesting to a) keep an eye on the canaries, and b) listen to everyone's position.

@Andy Wu, as @Scott Trench said, get to know other experienced investor, get familiar with your "farm" and keep an eye out for Wholesaling.Perhaps you can start by being a bird-dog for investors.

Read through her story, so you can get an idea of what to keep your eyes out for.

There are investors down there already pounding the pavement and have keeping their eyes and ears open on deals there.

Thanks for the info, I will keep my eye open for that!

knowing that the occupant runs a meth lab on the property ... to an illegal squatter .... to who knows what.Look harder .... work at building a network of people who keep an eye out for properties that may come up for sale.Develop an elevator pitch describing what you do and the types of properties that interest you.  

As long as ALL the borrowers have sufficient credit score, you should be able to do this.In the eyes of the law, he is an owner of the property.