Hi Imran,$10K will get you started but it's important to have reserves, if all you got is $10K and your budget requires $10K... you need to consider the potential of overages.

Also, most hml lenders require a first lien position which would be occupied by your mortgage lender so that will also be a problem. 

Setting up a payment plan would require the agreement of the creditor.  

Especially if you're doing any of the work yourself, it can and will take longer and require more money than anticipated. 3)- Take your time screening tenants.

(by the way, if any of you are considering a property manager in the Fayetteville, NC area, PM me for someone to maybe avoid).Thanks for any response,J

To make the numbers work with finance 25% down isn't possible for a lenders requirement.

This would not only help me learn, but it also helped me earn as SEC requires anyone marking a private placement to be part of the general partnership.  

This does not require any money to start and to get deals closed.First pick a neighborhood that you are either in or close to.

Hey Janet,  I know most wholesalers avoid 'conventional' buyers for two reasons: 1, the closing can take far too long if you have a property under contract for only 30 days, and 2, if the property is distressed, most lenders will not want to secure a loan against a distressed property.  

And truth is if we don't follow these agreed upon requirements (zoning etc) then our city will be more like a 3rd world city than the great place it is.