Well, before you do any deal, a couple of things to save yourself some grief (NOT a guarantee, but at least it addresses potential pitfalls):1) Figure NOI and debt pmts. 

However, there are some pitfalls with properties in that price range. $40k is going to get you a 2/1 or maybe if you are lucky a 3/1 SFR in a C or D class neighborhood that will most likely be at least 60 years old (likely older) and in need of quite a bit of work. 

What are the financial benefits/pitfalls of pursuing investment properties as an individual vs. a corporate entity? 

Would appreciate you sharing your experiences and any potential pitfalls one should look out forThanks very much!

Am I missing some huge pitfall?

I know Im missing some potential pitfalls here but I need to build out the strategy and then execute.

I know Im missing some potential pitfalls here but I need to build out the strategy and then execute.

This is typically the best route to go for small companies with limited marketing budgets.Check out these posts on BP:The Ultimate Beginner’s Guide to Real Estate WholesalingThe Definitive Guide to Real Estate WholesalingA 60-Day Action Guide to Wholesaling Your First PropertyThe Newbie’s Guide to Wholesaling in 7 Simple StepsThe 8 Most Common Lies Newbies Believe About WholesalingReal Estate WholesalingIntroduction to Real Estate Wholesaling | BiggerPockets Podcast #915 Costly Pitfalls That Catch Wholesaling Newbies Off GuardWholesaling CalculatorCheck out these books:If You Can't Wholesale After This: I've Got Nothing For YouThe Real Estate Wholesaling Bible: The Fastest, Easiest Way to Get Started in Real Estate InvestingThe Art Of Wholesaling Properties: How to Buy and Sell Real Estate without Cash or CreditEverything Wholesaling: The Ultimate Guide to Wholesaling Real EstateBest of luck to you and happy investing!

I'm new real estate investing, more specifically, in the on-deck circle and I'm interested in using investors (family and friends, but I'm not looking for thoughts on those pitfalls) to get started in real estate investing.

What are some pitfalls to keep an eye out for?