If you require financing, you will have to apply for a DSCR loan. 

I understand home designs are pretty expensive, and cannot just be applied to any lot/existing neighborhood.

Even if the tenant can’t pay, it sets the expectation and documents the issue.Small Claims Court: If the tenant refuses to pay, you could take them to small claims court, where you can seek repayment without needing a lawyer.Security Deposit: If the tenant has a deposit, apply it toward the damages.Consider Eviction: Given the arrears and damage, eviction might be a last resort to prevent future losses.Talk with your property manager to create a plan that minimizes further risk.

So, you may want to rule that one out.My understanding of Baselane is it's an online banking platform with some cash flow features rather than a property management software.You may want to check out Buildium.

As a general rule I like to buy the worst house in an area and make it one of the best.

Well I knew I could subdivide or I knew the density bonus's applied etc etc.

Don't quite understand what you mean.Wholesaling has nothing to do with where you grew up.Wholesaling (as well as any other business) is about lead generation.I didn't grow up in NYC, and if I were to wholesale there I would dominate that market with my ability to rank websites #1, dominate online presence, credibility, and competence strategies I can apply to my online image.I think this is why so many people are "afraid" of wholesaling.Break wholesaling down into its most basic elements.

If you violate any of these rules you could blow up your IRA or 401k and the IRS could force you to distribute all of the assets in the IRA or 401k.

To qualify for material participation, you generally need to meet either the 500-hour or 100-hour rule.

However, over the last 20 years there have been some favorable plms and rev rulings (particularly surrounding trusts) that owning a membership in an entity and converting that to tic still equated to the same level of ownership.