Study your market.

B-class properties are the safest place to be for cash flow without totally sacrificing appreciation potential and owner-occupant re-sale options.Lastly, if this $140k accounts for all his disposable assets, I would encourage him to not spend his last penny.

Account Closed.

They pay the mortgage and my utilities (essentially living and owning a home for free - in your shoes you would be cash flowing).Then, depending on what you are doing for a job (or college), it'd be good to establish yourself at work and save enough for your rainy day account (savings in case you lose your job) and then start saving more for a rental property.

Warranty Deed with Vendor's LienI only see one mortgage on the account, and there is a Judgement and Lien Information with a few thousand dollars. 

To give even more details about myself, i have an associates degree in business admin, and a bachelors and Masters in accounting. 

So I just made my account on here and wanted to jump right in if I may....I've been looking into wholesaling for the past week, watching videos, reading articles, etc.

With $200 a month in rent (just used a high number to account for future increases in rent) if you rented it out, it'd take about 10-12 years or so to match that 30k.3) Have a meeting with your realtor and discuss your displeasure with his strategy.

Take into account: Accounting, Advertising, Cleaning, Insurance, Lawn/Snow, Legal Fees, Maintenance, Cap Exp, Utilities, Taxes.  

For a rental property, what location criteria should I take into account?