Depending on just how much available time you have for this business, I'd put at least some time into researching the various metro markets of course, but at some point I'd then take that list of acceptable areas and move on to whatever you need to do to make sure that you're running your business as smart and efficiently as you possibly can.PS-Ironically, with this extra attention that my area has been getting here on BP recently, I just thought I'd throw in that if by hard work and/or some luck, I'm able to hit a real "home run" or multiple home runs if necessary and I was then able to move anywhere and be able to afford a nice home in any metro area, I'd be moving somewhere near to where you are now!

Jonathan Gregori Demand won't ensure you will profit from a rental.

Hi Christian,Thanks for the input.Some of my buyers require that for all the SOLD properties that I have listed to derive ARV of a property the also want to know how many days were the SOLD properties were in the market before they sold at that price.This way they are also ensuring that it is a moving market and not a stagnant market.

When proceeds from settlement go to you or originate from settlement you might attend to ensure things go smoothly.....as if your funds do originate out of settlement you have a more complex transaction, so being there is a good idea if anything needs to be addressed from your standpoint.

The purpose of real estate license laws are to protect the public from persons entering into transactions that effect a change of title between a buyer and a seller, to ensure that the public is not taken advantage of, that those involved have a level of competence, that ethical and legal standards are met.

The long term solution would be to monitor your P&L for your business monthly to ensure you're on track of where you need to be to qualify for what you're looking for.

@Joe GoreUpfront appraisal..I know that can be normal in some cases..other than that everything else can be wrap into the loan..anyway to ensure I get an honest appraisal if I cant chose the appraiser?

In other words the best answer I can give is...... it depends.Deal structure varies from investor to investor , so what you will do on this deal may vary dramatically the way you handle the next.I wholesale & rehab a lot of properties and my typical process is the following:Once I get a contract with the seller I will send it over to my attorney to begin the process of pulling title because I have multiple exit strategies with every investment I put under contract.I always try to wholesale my properties first, if that doesn’t work then I will fund them, close and begin the rehab.When I turn around to sell the property as a wholesale deal, I take it a step further to ensure that I do not lose my deposit.Instead of just taking a refundable deposit for an assignment, I structure the deal with an extra document.

I think we are relatively efficient with it, but feel like "we don't know what we don't know"...My question to QB users...

However, credibility is important, so you need to ensure these deals are profitable before you show them around.Good luck with it!