Any pitfalls, hidden fees, or learning curves I should be aware of?

Would love to learn more about what you are wanting to do via wholesaling. 

The key is to take action—analyze deals, connect with local investors, and learn from experienced mentors.Good luck!

I've been learning real-estate for over a year.

There will be no assessment for increase in taxes or insurance so remains at $1935.

When you sell, interview as many as you need until you feel very comfortable with the one you decide to work with.real estate is a big investment, and for me it's long term, I don't want to have buyer remorse because someone isn't as knowledge as I like.when I was younger,  I was more willing or less experienced,  today I want the same level of knowledge as I offer when I help someone with their tax planning or when I prepar their taxes.....Show me your high level of knowledge,  you are hired.

What have you learned that you can share?   

We will learn how to find and vet “good” and expose “bad” for ALL to see.

(I actually laughed when I first learned this.)10% property management fee (With separate charges for new leases, repair management, and rent collection—what exactly does this cover?)

It is my understanding that the new owner will have the house at the cost basis of my purchase price, for calculating capital gains taxes or depreciation.For gift tax purposes for you - FMV.For capital gain tax purposes for the recipient - your original basis/purchase price