In 2016 we saw a new trend of prices surging in the suburbs and slowing in the city center during the last half of 2016, reversing a years-long trend of urban neighborhoods leading the market with big price gains.At this point the smart investor may want to look to the suburbs...Also, the 7th ward is huge and is comprised of several distinct neighborhoods.

I bet your warranty would be void anyway by using soap, by placing the soap directly on the tub, or anything else that falls into the normal use of tubs.

I would love to hear what investors more experience think of this potential deal.It's a multi family in a low B area, 11 total units comprised of two 2-bedroom apartments.

None of my bank accounts, none of my properties, none of my vehicles.I will now climb down off my soap box...

It is comprised of 4 properties in "B" areas.

We're not very large and we haven't done a tone of business but we are local and our core group is comprised of true Kansas City natives. 

If you contract to buy a pallet of dish soap and then assign that purchase contract to someone else (so long as the contract did not have verbiage preventing an assignment), then it is fine and perfectly legal but when you involve real estate, that is governed by another authority, i.e. the local department of real estate which is where additional rules and regulations come into play.Having a real estate license is the best way to protect yourself as a wholesaler but that is not the ONLY option to do it legally.So in summary, wholesaling or assignments are NOT illegal but you can certainly perform an illegal wholesale transaction through an assignment clause in states that have laws against it (which is most).

My understanding is that QOFs comprise of capital gains, as you had mentioned, @Natalie Kolodij.Do any of you know if it's possible to use another investor's QOF to fund my deal instead of using a traditional lender?

Our tenant claims the washer is terrible about leaving fuzz on her clothes and sometimes does not rinse all the soap off.

Retail buyers have purchased some recently in the 40's and 50's so maybe it would make a good low cost flip to learn from if I find that the tenant pool for the area is comprised of people I don't want to deal with monthly.Thanks again!