I tried to save and be cheap on it before and the mud dried with little craters in it and would crack like you are saying.

BTW - we used to offer new-construction homes exclusively, but when the housing market "crashed", builders stopped building and new-construction dried up overnight.

You would spend a day painting (ruining) the floors anyway and then wait for them to dry.

I feel the tears drying up.

As flips dry up, smart lenders will be looking for safe uses of their cash.Alternately, if you know anyone, there are always private money loans you might obtain from personal contacts if you offer them higher than CD/savings account rates.

Yes, I saw a laminate floor that was flooded and after hogdog dehumidifiers were used and it was dried out there was no visible damage.

The sad thing is everyone can't win the bid on the property and the ones who lost are left to dry.

I am looking to expand the rehabbing side of my business and hope to make some connections with some local wholesalers because the MLS deals are drying up a bit in my neck of the woods.Looking forward to learning from everyone here on the forums as well as offering help to people as well.

If the $50-$150K marketplace is dried up, should a wholesaler still target those type of homes?

If the IRS at some point figures out some entity is generating taxable income, perhaps from the documents title companies have to file, and decides you should have been filing returns and paying taxes, then you will be subject to taxes and penalties.You are correct that "active" isn't 100% cut and dried.