I don't think wholesaling is easy at all. 

@Frankie Lotrec if you have an existing loan on the property and you plan to legally convert from a 4 unit to 5 unit , you should check the loan documents because you’d essentially be converting it to a commercial property, since 5+ units is considered commercial and subject to different appraisal approaches and so it would rule out the property being considered for purchasers utilizing residential financing.  

It's pretty easy to get suckered into a bad out of state deal because others want to make a quick buck, and you'll be left holding the bag. 

Rental collection seems easy.

Is it not so much the fee for filing that makes it prohibitive but that the equity offered rules out the viability of being a GP in a registered security this way? 

I personally like the BRRRR strategy - it's not easy to pull off but it's simple and it works in theory. 

@Fulati Paerhati super easy to schedule a call.

Gaining valuable insights into the local market.Always consider that Jackson County has a LOT of variability in KC proper and then uniques submarkets of LS, BS, Independence, Raytown, Grandview, etc all with their own local city governments, rules and regulations, each with their own uniques submarkets of their own...Happy to chat and share my knowledge and experience.2.

It's not some MLM, pyramid type gig you can just experiment with attempting to make quick or easy money.

My advise is to look at property online and see if you can talk with an agent first to see what the rules are for that state.