wholesale my way to my first investment property

[Joel Castaneda]

Hello thank you for reading this post

 My 90 day goal is to have X dollar amount in my bank account to fund my first house hack.
I will wholesale distressed properties in my market by door knocking or driving 4 dollars, I have very little experience but have already been out in the field a few times while saving 5%-10% of monthly income from Pharmacy w-2.

My challenge is figuring out or at least have a exact figure for down payment and work backwards from there. 
1. How much money do I need to secure home "Down" (moving expenses, PITI, maintenance, etc.,) if I decided on a SFH with and attached garage and have permitted as ADU

2. How much money per wholesale deal, x how many deals would I need to close to reach x dollar amount 

3. How many house hacks would it take if i plan to 1031 any properties here in CA for Multifamily out of state? 

As I am writing this, I understand there are lot of factors to consider but it is more of a general guideline I will follow as a beginner real estate investor. Thank you to all for any input (comments/questions). I am looking forward to learning you all. 

Feel free to reach out directly on bigger pockets. 

[Michael Swan]

Thanks @Dan H.,

My motivation for doing just that was to replace all my w2 earnings with cash flow, plus I wanted to move to repositioning apartment complexes and refinancing them based on their NOI. At this point I just retired at the end of last school year, me being a long time catholic School PE teacher.

I 1031 exchanged all my single family rental condos I had in the San Diego area for apartment complexes in NE Ohio.  It has made me financially free now and I told my story on BP podcast 238.

Plus, I love to talk shop!!

Swanny