I have written before about the pitfalls of cost segregation, for example here: https://www.biggerpockets.com/forums/51/topics/831924-beware... and here: https://www.biggerpockets.com/forums/51/topics/1075919-five-...While cost segregation is an excellent and powerful strategy when used correctly and under the right circumstances, it is certainly not some master key that unlocks all doors all the time.

What to look for, pitfalls, protections and contingencies to have in place for the investor perspective aand from the wholesaler perspective.

What to look for, pitfalls, protections and contingencies to have in place for the investor perspective aand from the wholesaler perspective.

The advice given by @Edward Schenkel is correct as to some of the pitfalls and dangers of wholesaling. 

What would be some common pitfalls in either transaction? 

Also, what pitfalls are there to watch out for?

What are the common pitfalls to avoid when expanding your team?

Hey Tonatiu,Starting your real estate investment journey with fix and flips is enticing, and can feel like a great way to generate capital for long-term investments; however, there are many pitfalls that you must look out for.

Any pitfalls to avoid or tips for making it a success?

I am a recent graduate from Texas A&M university and a few months prior, I was considering getting into Wholesaling.I learned that with Wholesaling, there were so many pitfalls concerning wholesaling, legalities that one needs to deal with when wholesaling properties, so I decided to look at another alternative route instead.One of the areas that caught my attention was being a refferal partner for Real Estate and Private Equity investors.Do you guys know what states such activities are going to be legal or illegal?