Oleg, the best advice I was ever given was to get a second job or second stream of income, save that money specifically for investing purposes.

Great Info Chris...except discarding the reo's , There has to be a way of working those leads-short sales?

I do have a Roper fridge (1998 yr. model) in a rental that is on its way out, but has served its purpose.

Next and most importantly is that the parents sign the lease with one lead tenant.

I do know the area pretty well from running sales leads in my day job there.

every seminar that you buy will only lead you to another training and another training and another....go to meetup.com and find meetups that you can go to for little to no money and network and learn as much as possible.

It seems to me there is one extra person in the this equation....I would think if I'm paying for a lead that leads me to a deal I close, that lead should be with the actual seller and not another wholesaler if I'm doing all my own negotiations???

Also, you can do some advertising for short sale leads, and let the leads contact the realtor.

Transfer tax in Philly is 3% and PA 1%, so this is a big impact of even considering this.Any help that anyone can provide is much appreciated.As Bill Gulley (thanks for the @mention heads up) already pointed out, that transfer will be considered a taxable event for real estate transfer tax purposes by the PA Dept of Revenue.

We open llc for liability purpose.