.• Exit flexibility — having a backup (DSCR refi, partial cash-in, or longer-term bridge extension) in case rates or underwriting shift.In practice, I’ve seen this work best when the numbers still pencil conservatively before assuming top-of-market refi value.Are these in-state for you, or out-of-state auctions?

This seems like a common practice, and am new to all this.Any insights would be appreciated!

Happy to connect and share a few practical things that have helped new wholesalers avoid common first-deal mistakes.

From a practical and legal standpoint, it’s very common for sellers to be limited in what they can share.

Focus your energy on finding that first screaming deal under 70% ARV, not on building a PM business yet.Biggest risk I see: trying to flip AND hold simultaneously with limited capital.

I'm not someone who has that "snake oil" salesman personality so my way to land investors is only through a track record and a consistent business practice of "under promise over deliver". 

@Kyle Hoppman You're on track then based upon your pivoting to open up more opportunities.I'm sure your support system is evaluating current operations and aligning market cap rates, for these subject properties, in order to identify opportunities.I often see sellers present an NOI that does not consider standard/practical operating expenses, which presents as if the selling price should be higher - when it shouldn't (if the operating expenses are impractical).After aligning market cap rates and reliable standard operating expenses for the subject properties, are you submitting offers, that make sense, even when it's below their asking price?

My basic, but realistic and practical advice: practice underwriting and deal analysis. 

The practice of gaining ownership based on doing certain things is not the issue.

I’m a practicing physician who recently started learning real estate more intentionally after relying mostly on traditional investing.My goal is to replace step away from call in ~ 10 years (or sooner) and eventually replace my income in 10-15 years.