The only people making money wholesaling are the guys selling you all of that education.To be successful connecting buyers and sellers you need to haveAn in depth knowledge of the market.Marketing skills.Sales skills.Negotiation skills.Accurately estimate rehab costs.Understand how to much time it would cost to run a renovation on the properties you are presenting.My advice get a real estate license.

ARV = (Property’s Purchase Price) + (Value of Renovations)You can most accurately calculate this when you understand how how much value each rehab item will bring THE BOOK ON ESTIMATING REHAB COSTS by Bigger Pockets will help with figuring that out or you can checkout an article they already published going pretty in depth on the topic for quickly analyzing ARV's when searching for a deal.

I have heard about incurring state tax on those properties, but haven't looked into it too in-depth yet.Thanks for the info!

If you are dealing with an addition built on 12" beams (or if the original foundation is old and not built to current standards), the repair company might not be able to push the piers down to refusal depth or psi due to the beam not taking the load, thus leveling it, but not guaranteeing it will not continue to move in the future, thus not providing warranty.9.

I've been a member of several such groups, but only one, Lifeonaire, deserves full credit for lifting me from the depths of despair and then completely re-shaping my entire world to be the amazing and exciting carnival ride I enjoy today!

@Craig Gray you asked for an in-depth explanation...

Learning a market in depth is an ongoing and long process.

I did not use my maintenance/cap ex numbers but the 50% rule which is easy and an ok (not as good as an in depth pro forma) way to do a rough calculation.$4k/year on one unit is good cash flow (over $300/month)

If I were going to flip the property, I would explore hard money lenders more in-depth but since I plan to hold the property my assumption is that is not a realistic option.

Seems like the prices are near the top and from what I observed (I honestly haven't researched it in depth), it seems like the renter's rights outweigh the owner's rights (just had a friend in San Diego take 6 months to evict a tenant who wouldn't pay the rent).