.: Quote from @Jesse Dominguez-Castelan: Paul, as licensed agents my team and I do our best to find out as much information from the seller as possible so that we can provide you with what we hope is a complete picture of the property.

That's completely OK. 

I’ve been researching a lot about the basics, but I know there’s so much more to learn, especially from those who’ve been in the game for a while.I’d love to hear from experienced wholesalers about their journeys and any advice you have for a complete beginner like me!

My personal experience tells me home owners in foreclosure are in complete denial and will try their best to dig themselves in as deep as they can.

A complete overhaul of the kitchen and bathrooms, including cabinets, countertops, LVP flooring, electrical and plumbing fixtures.

And the truth is, if the investment property was completely passive and you had zero connection with it, such as an arbitrary stock in a mutual fund, then I would agree not to get emotionally attached to any one investment.  

To answer your question (that wasn’t actually aimed at me) my concerns are investing in an area that I’m completely new to and building an out of state team that will be effective. 

Assessments in NJ are not done on sale, unless it's a new build or a complete renovation where the permits tip them to reassess, so every three years or so they reassess all of the properties and taxes go up most of the time.

Quote from @Marc Shin: @Bruce Woodruff so a photo of the living room, followed by a completely separate photo of the game room?

I now inform all prospective buyers ahead of time that I will send my painter in as a 1 time courtesy once they complete their move-in to touch up hallways.