Repaired water damaged wooden trim along the porch roofline - added drip edge to prevent future water damage.

If you have the money or the access to a loan, no problem.... the money is the on thing that prevents most people from doing this too much.

What do you do to prevent a great property from being a terrible property?

It it not entirely clear what your question is.Taking a shot in the dark, Unrelated Business Income Tax (UBIT) applies whenever a tax exempt entity (Solo 401k, IRA, or any other type of non-profit) engages in a trade or business on a regular or repeated basis. refer to IRS Publicaton 598.Income derived from passive investments such as rent from real property, interest, dividends and royalties is not subject to such taxation.UBIT was created by congress long before IRA and 401k plans existed, to prevent tax-exempt entities from driving taxpaying businesses out of business.  

See also New Jersey Foreclosure Rescue Fraud Prevention Act

Think of it this way, education will not prevent failure it will only postpone action.

They'll ask for somewhere around $40K.There are more desirable paid education options, but forum rules prevent me mentioning them here.

Is there a seller side only HUD that will prevent issues that may arise with wholesale closings?

Of course that sounds simpler than what it is, but I believe it's the basis of most problems.My duplex has a wall that has bowed in a bit and had I known what I know now 10 years ago I probably could have prevented the little bit of movement that has happened.On my list to do by this fall is install 2 french drains outside the house and I've been contemplating if I even need to add i-beams.  

Ok, so I have a buyer for the land contract, now I'm a wholesaler and I am used to putting properties "under contact" which prevents the seller from accepting any other offers and makes them obligated to sell to me and to me only.