The company would handle finances, conduct maintenance including purchasing materials or hiring outside contractors if needed, etc.

Bronx property auctions are conducted on Mondays at 2pm in courtroom 600.  

When conducting business in a state, owning property, owned by an entity, that entity should be registered to do business in that state to be covered and protected under the corporate veil or limited liability of an LLC. 

@Terry Z. if an appraisal is conducted , this report is what will determine the amount the lender will be able to lend.

If you're worried about a lawsuit, someone can always file a frivolous suit, so you accept that risk by conducting any business. 

Lately I have been conducting a lot of research about wholesaling on various websites.

It involves extensive training in all areas of accounting, including taxes, passing complex exams, accumulating some experience working under another CPA's supervision, continuing education requirements and code of professional conduct.

I'm conducting market research at this time, but will almost certainly be investing outside of California. 

As to my goal... for this purchase I'm looking to find a home that I can move my family into (not trashed), conduct moderate upgrades, which will cash flow ~$200/month (after we move out), and have a Cash-on-Cash return ~10% or greater.Jason, any advice which it peculiar to purchasing homes/finding reasonable deals in your area?

As a reminder, I would encourage anyone to conduct adequate due diligence including background checks before entering a JV or sending money to a note investor/JV partner.