.#1 Save your money for a down payment on a property which will allow you to live in as well as bring in some additional cash for your real estate journey.

@Jenny AdelWith the size of your portfolio plus additional PM duties, you should be able to qualify.Unfortunately, there is no defined list of what time does or does not qualify.

I will need to put 25% down for the loan and will need to show 6 months worth of expenses in additional funds but beyond that should I also have $X set aside for the first year's expenses?

I've personally never told someone that its not going to be a good fit if they are shopping me around hahah Saying that pretty much breaks my promise that I'm working with the borrower's best interest in mind and if for some reason I'm not able to recognize the best program for that person and another broker is then kudos to them. 

Recommendations based on personal experience would be highly appreciated.Also, if you have additional info / best practices you would like to share regarding homeowners insurance that would be great.Thanks, Guy

@Nathan Platter shouldn't a wholesale contract include language such as "the buyer and/or assignee" Or do you just throw that in the additional terms of the standard residential agreement?

Additionally, renting is a passive activity, so the losses are limited.Flipping is active income.

(In addition to the 90k equity left in the deal)Hope this helps!!

Lubbock has quite a few SFR with a detached back building than helps draw additional rent and adds doors.

A cool trick is to double-click a word in any post and add it to your keyword alerts without leaving the page.An unstoppable entrepreneur myself, I have been mentoring start-up entrepreneurs and business of various industries and niches for two decades now.