So you understand from a material point of view: (home depot)5 gallon bucket of cheap interior paint=50Lockset=30Joint compound=104x8 Drywall=10All the brushes, paper towels, cleaner, miscellaneous= 200?

To compound the problem, too many people use wholesaling as a springboard, with little or no knowledge, little or no money, no experience and unfortunately a lack of resources to learn from.

The complexity is compounded because now you are under the purview of the SEC and they have very specific guidelines. 

I did and said nothing and it was paid.This tenant lives on social security, I inherited her when I bought the compound last October, she has been there going on 11 years, smoker inside home .

Never ever ever pre sell if you are not prepared to bow down to buyers requests.

There is a monthly get together with a north-end group called Cascadia, which I think is the 4th Monday evening in Marysville, though  I haven’t been able to attend personally yet.Starting sooner is better than starting later with real estate, kind of like compounding interest in a 401k. 

It may be very low risk but i would rather take more risk and get 20% or more and let it compound for years especially if I was young.

Bad enough trying to break into it in your back but compound that with doing it from half way across the country. 

If the house is build before about 1980, do an asbestos test as part of your due diligence.Around here, it's very common to see asbestos in the drywall compound in houses build between 1950 and 1980... especially in nicer areas. 

The accounting matters not when you have ACTUAL cash flows to look at to determine realized compound yields, IRRs, or whatever numbers ACTUALLY happen.