My intention was to minimize my reported taxable income after taking expenses against the earnings through the LLC.I don't see how this would benefit you tax wise.In fact, I would be concerned that by mixing personal business (rental property in your name) with the LLC that you could basically nullify the liability protection the LLC offers  allowing anyone who sues you to pierce your corporate veil because of this co-mingling. 

@Albert JohnsonWould not add him...but the reality is he'll still be there often enough to basically live there.

Save the money, clean it till it shines, maybe basic improvements like a few new light fixtures or at least matching/bright lightbulbs, maybe a few new faucets, some paint touch ups and sell.If you’re hiring a Realtor®, they can tell you pricing in current condition versus pricing with a few minor changes.

Steve Morris, that was a long post just to basically say wholesalers are shady because they aren’t realtors or brokers.Obviously wholesalers work a LOT differently than a broker or realtors.

Monopoly is the one I'd think of, but even sitting down with them and making your own game where they learn basic finances and budgeting (and how to do math) will put them ahead of most people. 

Basically why they did that was to deter investors from purchasing locally.

So Basically as mentioned by Metro Water, consulting with a Civil Engineer to get a quote to understand the projected cost of the project. 

You can see where an over worked, doesn't care, inspector taking 3 weeks to look at basically nothing,  costs serious cash. 

I'm completely new into real estate and only the extreme basics, but still a newbie.

It’s great for basics like beds, dressers, and dining sets.