Accurate records of all expenditures are essential to claim deductions and calculate the cost basis for future capital gains taxes, including depreciation recapture.This post does not create a CPA-Client relationship.

Would appreciate any tips or feedback on how to get more traction! 

My goal is to gain a solid understanding of the process, master deal analysis, and ultimately close my first deal.Right now, I’m focused on learning the basics — from finding motivated sellers to building a strong network of cash buyers.

The 2 year mark would save you on taxes, if you have a gain within 5 years, but it seems like you're in this for the long haul.Some advice for screening tenants.

Social media is relying on reach.Unless you have huge following,  it is hard to get traction in a reasonable amount of time.

If I end up foreclosing the property, I will gain $200K equity (in my example, the amount will vary with each TD).

If not, should I sell stock that I have that has capital gains that would be due on it and offset that?

I think there will be a market for it and you will gain some market share, but I don't think there will be tons of profits coming in.

If your goal is cash flow, then your best bet may be to live in it for 2 years, and then take that tax free gain (250k single person, 500k married) and buy elsewhere. 

My personal experience after 40 + years in the real estate industry is that “wholesaling” is a very INEFFICIENT AND INEFFECTIVE way to gain knowledge and experience relative to real estate.