But I regularly use credit to run my business and I would not change that.

You'll use all of the regular professionals you normally would. 

Otherwise any cash you keep would be taxable.  

To get this, I’m paying them about 10% over asking price in total purchase consideration, but the terms and monthly payments are so favorable that it really doesn’t make much of a difference.Although I’ve read extensively about these deals, this would be my first and my big question is around the taxable basis of the property.

Do you still use a regular purchase and sale agreement with the original seller with any included addendums specifically for wholesaling, and are you legally required to verbally disclose to the seller and buyer or do these disclosures just have to be in the contract itself?

In many cases, rental losses can be deducted from your taxable income, but there are limitations and eligibility criteria that may apply.

- Problem with compass is I believe they're too much investing into tech while it doesn't necessarily translate to bigger productivity and sales- The EXP model is actually significant changes where it tries to democratize the revenue by sharing it among team and leads- I would like to say the Exp is offering new business model in RE agency, while other agency is more like traditional where individualism performance is the key ; Same concept in used car you have regular used car dealership and you have car max which offer no haggle price.

All that extracted cash isn't a taxable gain.

- Most offices have their own hourly employees who perform closings as part of their regular jobs.

I always start off clients in the resort style communities rather than trying to make a go at it in a 'regular' community.