The lack of income verification and the deposit payment issue are also red flags.

I grew up in the bizz and I really like it..less competition than trying to find the same SFRs that 700 wholesalers are going after.. down side is this is all cash always..

You can determine a competitive offer price for a property, analyze market trends, property condition, income potential, and operating expenses.

. - Indianapolis is VERY competitive in the fixer-upper & multifamily realms.

With that said... there are unicorns out there where the rates are competitive without the points added.  

You have to stand out from the competition to do well since there are so many rentals there.

Whenever I've stayed at hotels/motels, I find the tv options severely lacking and not worth watching. 

And even more so after I'm hearing about the work culture, or lack thereof,  in the area...

They dive deeper into niche services by providing in-depth analysis from a high-level and experienced point of view.I see your biggest obstacles as a lack of experience and background as investors and the perception that these are services your wife should already be offering as the licensed agent.Given those obstacles, what differentiates your service? 

Here’s a summary based on the responses:Tax Rates and Holding Period:For flips (properties bought, rehabbed, and sold quickly), profits are taxed as ordinary income, not capital gains.The holding period is calculated from the purchase date to the sale date.1031 Exchange:1031 exchanges apply only to properties held for investment, not quick flips.If intending to use a 1031 exchange, I must reinvest the proceeds into a like-kind property within 180 days.Holding a property for less than a year may disqualify it from 1031 eligibility due to lack of demonstrated investment intent.Thanks again for all the helpful advice!