More work though...I would advise you to keep an eye on REOs - Homepath, Hudhomestore, etc.

I'm currently keeping my eyes open for a another property, a MFH this time.

He assured me that he was going into this rehab project with eyes wide open, and this meant saving costs.

I've had my eye on a few in Baltimore, but haven't done a great deal of research on the areas yet.

I'll keep a closer eye on this holiday season to get a better feel for how the market actually changes....

I recently got a position in a real estate office, but I realize that my eye is still on rei.

I believe my experience in construction gives me the eye inspect a home and see it's potential, manage a project and not get walked on by my subs.

The key is to make the property a "don't want it" property in the eyes of the IRS.

Wrestling with the various categories, running your own metrics in Excel, and matching things up with Schedule E at tax time will open your eyes to all sorts of operational details you might otherwise miss.As you grow and add more properties, there are some great cloud-based "rental property tracking" solutions available at very reasonable monthly fees.

Some people are spending 10 to 20,000 a month or more to find motivated sellersBeing a transaction engineer and looking for other kinds of problems besides Wholesaling problems I think is wise to get startedMy favorite kind of problem for newbies I think is low equity, were you help the sore so I'm terms and make some money generally 3% on a lease option assignmentThe feeling I get from the OP is he thinks that one deal can make him "whole" and get him out of a difficult financial  situationA better plan is to get a job that pays the personal bills and borrow some capital to start a businessThe problem with Wholesaling as your only tool in your toolbox is it takes a long time for Marketing to kick in and many people don't want your offer so there's a lot of rejection in the beginningI like expired listings and talking to Sellers about other ways to sell their house besides cash@Cory Baker