Instead of ramping up my marketing and waiting until a deal happens, the wholesaler already has a marketing program and deals in the pipeline.On my latest deal, the guy wholesaling the property really went the extra mile.  

Like if I make $3000 on rent per month, but my total costs are stated above are $3,050, do I take a "loss of $50"?

I have been investing in Central Iowa for five years and have had a number of wins and losses.  

because I teach school until the evening, will be traveling throughout the summer, and will be supporting my wife through a pretty rigorous nursing program in the fall.

The risk far exceeds the profitability and I would not want to have a hand in the demise of anyone's dream or financial loss.

Last advice: make sure to have good records an accurate / current data tape - not every loan is based on lender qualifications and LTV/LTC  - normally, the DSCR (debt service coverage ratio) carries a large weight in the overall risk profile.Much Luck!

I think you'll love their program.

The reias are a feel good environment where the uninitiated  are often taken advantage of  by unscrupulous gurus pitching their endorsed expensive  get rich programs in investment real estate.

Right after you close on a property you should get an insurance policy that protects you if there is a loss.  

Since this is about buying real estate, or finding real estate deals, I put it into this forum section.I'm been a software developer all my life, been programming since I was 10, founded a few tech companies and sold them before jumping into real estate.