I want others to know that this can be done.If having a low income job was not a difficult enough barrier to overcome three years ago I had a foreclosure. ( Yes, I was able to afford that house on a Wal-mart paycheck TOO!

That additional income can also effect your ratios as you'll be tagged with any lease that remains if you're still liable, can they see if your roommate can afford the full rents?

The first thing you'll want to do is figure out really how much you can afford and have realistic expectations on cash flow, etc. 

Home prices are generally very affordable, so a low barrier to entry is nice as well. 

Once I've done a few deals and experience for myself that wholesaling is a stable and nice income, then I'm sure I could afford all the team members and even more.

She could no longer afford the payments so she stopped paying and has moved out of the house already.

If your goal is financial independence (having enough income generating assets that produce enough cash flow each year so that you can afford to live the way you want without having to work), then must first accumulate the income producing assets. 

Chicago is basically the perfect mix for this type of study because it's highly desirable areas, densely populated and reasonably affordable (although definitely not cheap).For instance, I would expect New York to be #1 in millennial renters, but prices are just too high for millenials to buy. 

Not to mention, the folks who deploy these trade models can't afford to have a repurchase triggered.  

Positive for people who drive crappy but paid-off cars.Negative for people who just leased some car they can't afford.