But as we walked through the property and talked to the tenants the whole place was rented to one big poor family, I'm guessing like 4 generations, were talking about a lot of people in this place, from elderly great grand parents down to lots of little kids running around.

It's quite a blessing at our age (we are both 22) to walk away with ~$40,000 (once we paid back a $50,000 down payment loan to my grandparents) pre-tax.

Regarding IRAs, you just can't loan or receive a loan from parents, grandparents, children, grandchildren, or any of their spouses.

Like I’ve seen in my market and it’s likely the same on others, there are just multiple generations and/or multiple families living in one home and as a whole able to qualify and pay the high mortgages (parents with kids moved back home, grandparents living with kids, roommates, a room or garage converted to rentable studios, etc).

I have a projector at home and anytime the grandparents, friends, etc come over I have to explain how to use it.

Memorial day weekend we went to my grandparents lake house and spent about 5 hours just the two of us on their little beach playing with a couple toys and exploring the water.  

My grandparents have lived in Rockford for 25+ years and I started running numbers and it looks like it could be a decent market.

Grandparents where in the their 90’sSo what do you think?

I think the litmus test for a wholesaler should be, if that was your grandparents, and they probably had all their wealth of that house, why should I pay 20% when they could've paid 3% to the buyers agent?

That means my son will see his grandparents and great grandparents 20 times in the next 20 years.Every decision I make, I ask myself if that will buy me time.