The plus for him doing something like this is that he is in essence buying a real estate backed note and backed by a piece of real estate he knows and is comfortable owning.  

I would recommend getting comfortable on the phone and working with sellers before trying to add techniques.

@Justin Godlewski Yes, get comfortable disappointing the list price; one cannot loose money on a deal to be successful.Ignore the list price and offer what you think it is worth, this takes practice.  

Our place really looks nice and we can make it very comfortable/high end for guests.

If you can get a 10-15% return on this equity then I think it makes sense.You'll just want to run the numbers and see if you're comfortable having a higher mortgage payment or paying off that line of credit.

In the meantime one big lesson I have learned is not to jump into anything until I feel comfortable and smart enough not go get hurt.

I treat people really well, laid back, comfortable, etc.You can spend time and $ with all that other stuff they teach you in classes or just step out and do it!

. :-) Comfortable and clean.

Wholesaling is the only exit strategy i am comfortable employing right now.

- I have been told it is easier on sellers to use a standard real estate purchase agreement from office depot as it is not intimidating to sellers and it makes them more comfortable, what are your thoughts?