@Deirdre Cullen I would recommend going with a synthetic microfiber couch!

We see rentals as the bread and butter, and the flips as the gravy on top.  

Ask 10 people if a peanut butter cookie is better than a chocolate chip one and you'll probably get 8 different answers as we all have our own tastes for pastries similar as we all have our own strategies for real estate. 

They will inform you of the process you will have to follow and if you butter them up... the likelihood that the committee will allow for the consent to sever etc.

Most homes in Ohio were built in the early 1900s but those are the bread and butter rentals here.

Without doing a deep dive into the deductibility of the expenses you mentioned, I would say that the expenses which are not easily allocated to a specific property (I call them "peanut butter expenses" because they are spread around) should be run through the holding LLC.

There are bread and butter C and C+ properties as well as the A and B class properties that will make your jaw drop at how far you money will go.

As this is your first deal and you don't have trust with people it is important to see where the bread is buttered. 

here's my thoughts...The market is very hot right now, so finding a deal in a major metropolitan area is going to be harder unless your willing to accept a distressed property and rehab it (which is really where investing bread and butter is anyway). 

As a wholesaler, your bread and butter is finding distressed sellers.