Staten Island is my local area, so I’m wondering if it’s worth focusing on, or if I’d be better off starting in a more active state like Texas or Florida.I’m really looking for markets where buyers are active and plentiful, especially those who are open and eager to work with wholesalers.Anyone have experience wholesaling in Staten Island or the outer NYC boroughs?

💸I greenlight the repair.Come Friday morning, the plumbers show up ready to go, but they need the city to shut off water at the street.Surprise: the city had paved over the shut-off access point during a prior project.So now a city crew has to come out and dig 6 feet deep just to reach the line.Fast-forward to late Friday… job’s done, water is finally back on, tenants are relieved — and I’m out 11 grand.👉 Lessons learned:•Always verify if individual unit shut-offs exist when buying a building•Set aside reserves for unexpected infrastructure surprises•Delivering water and communicating quickly with tenants goes a long way during chaosLandlord life isn't always fun - be ready.

- Most of our competitors only ask for 1-3 paystubs, so while an applicant may have 6 months at their current job, it may be their ONLY job in the last 2 years.

Same for 2-years of job/income stability.Tenant Default: 10-20% probability of eviction or early lease termination.Section 8: Class C rents usually meet program requirements, proper screening still recommended.Vacancies: 10-20%, depending on market conditions and tenant screening.Cashflow vs Appreciation: Should cashflow immediately, at the lower end of relative rent & value appreciation.Class D Properties:Tenant Pool: Majority of FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, but should have no convictions/evictions in last 12 months.

@Jonathon CornellGreat job getting started early!

If you’re juggling a full-time W-2 job, hitting both tests in one year is almost impossible on your own - sometimes a spouse strategy is the only way.Bottom line: rehab time isn’t “wasted”—it all counts toward that one property’s participation, but be sure you can prove both the 750-hour and 50% tests too.

I just started a real job out of college so I'll finally have a stable income to utilize.

Because here is the reality, coming from an industry insider: the tax professionals who take such audit protection cases from those national tax companies are paid ridiculously little money for these jobs.

Currently have a remote job in the US (Rockville, MD).

sand I was able to scale up my portfolio while also maintaining my day job.