To answer your question James I would like to start with wholesaling because I feel that is the most feasible way for me to get started and have positive return.

Hi Everyone, I am now in a position where I can purchase a property.

I'm in a similar position to you.

tenant is not in position to buy now but will be in 2 years or so.

You have made a positive start which places you ahead of about 95% of your peers so keep u the good work.

Much lower median price home, more positive business outlook, more conservative etc, etc, etc.

Even a HML might be tough, because they don't like being in subordinate position ...HML might be possible if you can refi the entire thing and still get fix-up money from the HML, but that isn't guaranteed to happen either.

If you could get $700 in rent and you use a PM then you're cash flow positive.

Make sure you add the HOA fee, taxes, insurance for the condo to generate positive cash flow.

Purchase a property and use it for a rental (positive cash flow).