You have that process confused with a 1031 exchange, in which gains would be rolled into the new property to remain tax free, but a primary residence is excluded from 1031 treatment.

IRS tax treatments (i.e.

Sometimes it takes a couple of treatments (I try not to run the full length if I don't have to).

Understanding the international treatment of taxation can be the difference to making money or losing it to government regulators either in the USA or in your home country.In regards to feet on the ground I would suggest that once you have identified your market that you seek referrals from the many highly experienced and supportive members that operate on BP.

Nevertheless is it stated that not all parts were accessible and there is an exception form II stating that the house will not receive a complete minimum treatment.

They both look good at a glance, however your treatment of the security deposits has me concerned.  

My home warranty covers appliances, a/c and heating, plumbing, garage door, termite treatment, carpet cleaning, etc.

Seller will pay costs of treatment and repairs of all structural damage up to one percent (1%) of the purchase price.

It's the last chance for some favorable tax treatment that some with larger incomes may need.

Some people are spending 10 to 20,000 a month or more to find motivated sellersBeing a transaction engineer and looking for other kinds of problems besides Wholesaling problems I think is wise to get startedMy favorite kind of problem for newbies I think is low equity, were you help the sore so I'm terms and make some money generally 3% on a lease option assignmentThe feeling I get from the OP is he thinks that one deal can make him "whole" and get him out of a difficult financial  situationA better plan is to get a job that pays the personal bills and borrow some capital to start a businessThe problem with Wholesaling as your only tool in your toolbox is it takes a long time for Marketing to kick in and many people don't want your offer so there's a lot of rejection in the beginningI like expired listings and talking to Sellers about other ways to sell their house besides cash@Cory Baker