Also, try contacting a local appraiser or tax advisor who could provide a precise adjusted cost basis for your capital gains calculation.

Recognize the obligations that accompany property ownership.Before making a decision, it might be helpful to consult with a financial advisor or a real estate professional.

Since you are new at this , just to let you know , the subs are going to charge you retail , just like any other customer , you are not an established contractor , they will see right thru you if you try to pretend . 

Can somebody help me with some information how to get list from a wholesalers in Detroit Michigan?

Establishing your 'boots on the ground' is the ultimate 1st step towards success - you're heading in the right direction with utilizing BP.

I feel uncomfortable asking to walk the property with a contractor because I don't have an established relationship with a contractor, am not confident the deal will pencil without the rehab estimate, and would need the owner to approve the walkthrough even though some units are occupied. 3.

So the buyer had to demonstrate all the differences between his restaurant business, which was established and had several successful other locations already, and the previous new startup restaurant that had failed, to get over the "his type of business" = "a business of that same sort, at that same location, in fact in that exact same building, that had already failed, WTF makes you any different?" 

I’d like to establish some relationships with some folks as my wife and I build our portfolio of real estate.

We’re positioning the platform as not just another tool, but as the go-to resource for serious real estate networking, emphasizing its value from day one.The goal is to create an environment that's so inherently valuable that both 'chickens' and 'eggs'—new and established investors—see immediate and long-term benefits.

They are two completely different loans with different qualifying criteria so it would be best to speak with a mortgage advisor well versed in both to see which structure would fit your needs.