Glad you decided to jump on board.

They moved in August 1st in which they paid August rent of $1600 as well as a security deposit of also $1600.Sept comes around and no payment...after leaving it the hands of my property manager, she finally concluded in the 1st week of October that the tennants are deciding to get up and move.

If you can consistently make $5K per month wholesaling, then very soon you will probably decide that you want to be the investor, not the wholesaler, because you won't want to give that equity to the other guy, but finds a way to take it yourself.

I have decided I would like to start flipping property, but I don't have good credit or any money.

You decided tolease out the first home for income property.

For example, I just had someone buy my book and even though I recommend purchasing properties and renting them out this person decided to take my information and flip the properties instead.

They were all thrilled that even 100% financing could yield positive cash flows here--since I have only invested here with positive cash flows I decided to see how investors investing for appreciation thought!

Good luck with whatever you decide.

We have decided to keep & rent rather than flip, so a hard money loan wouldn’t work.

This is only a lease with a one page option that gives the Tenant/Buyer the option to purchase the home at a predetermined price at the end of the term and if they stop paying the rent the Landlord/Owner can evict, if the Tenant/Buyer decides not to buy at the end they can walk away and the Landlord/Owner got the benefit of a long term tenant who took better care of the home because they were planning on buying the home instead of just renting.Remember to be successful action is the key...Marv Rousselow