@William PaceI would definitely check out Josh Dorkin's blog article on the basics of wholesaling.

He also does  basically unlimited follow up calls.

an idea that I had, but havent tried yet is, talking to people in preforeclosure. and offering to rent out their rooms (basically making yourself a property manager.)

Our nets were amazing becasue we had cash flow, appreciation AND principle pay down all for very little work.Personally I love going into a place that I can leverage my money and than have my tenant pay off for very little down.I LOVE leverage but hey were are 1.3 million dollars in debt.

We found a tenant pretty quickly on our own and they stayed for 3 years basically trashing the place.

A basic 2 bedroom with a washer/dryer, cable/wifi, full kitchen goes for $350/week. 

Then 2018 with private lenders in place I will be largely focused on flips to accelerate the principle pay down on the portfolio before starting to add more or expand into commercial. 

I'm basically trying to ascertain whether it would be cheaper to do something like this with the modular home or to build a stand alone from scratch/finish a basement for ADU purposes. 

Obviously in Houston most would prefer a large home for that price, but there are still plenty that prefer condo lifestyle with no home headaches but there's one for sale right now over $5M in my building a little bigger3) David -  Like I mentioned mine is many floors higher as a comp that sold a few months back that was basically stock from the developer, mine is upgraded significantly and higher, but of course that's irrelevant now as that one sold at the time and ours has not.There's really no rhyme or reason in this end of the market, I don't expect a quick sale from my realtor but it has been nearly a year, at some point you just begin to blame the person in charge of selling it for not marketing it properly,etc.

Hi everyone, some basic questions as I try and learn some of the basics.