With out that, there is no proof that it will perform.Do you have a full estimate and plan for 3 years on the property?

If we become heavily restricted, what chance does the rest of the DMV have to get their own regulations that make sense?

The estimate I have from a cost segregation firm is $316k (w/ study) vs $28k (no study)-Assume we're in the 37% bracket  -Does this mean, I can claim a $117k depreciation deduction for this year? 

Texas added more new residents than any other state over the past year and now has a population of over 31 million people.According to estimates released Dec. 19 by the U.S.

Why would someone buy now and make little money for the chance that the rates will adjust later?

I think first step is to find legitimate comps that match and support your 130k valuation and dispute the report to give the appraiser a chance to fix the report. 

Unless you have $5 - 10k MONTHLY to spend on marketing this is what you need to do to have any chance for success with wholesaling.  

Quote from @Johnny Lynum: If you had the chance to invest in your first property, would you choose a single-family home or a multifamily property?

If you haven't already, read "The Book on Estimating Rehab Costs" by J.

An easy flip at 7-10% return might be more lucrative than a larger project that takes longer and more chances for cost over runs.