The uninformed will fall victim for sure.Lenders of all types should require title insurance and also obtain Insured Closing Protection Letters -- the validity of which can be independently verified.

In your case, with a history of passing audits and having a CPA who is experienced in IRS representation, you're in a strong position should an audit occur.Regarding audit statistics, the IRS generally audits fewer than 0.5% of individual returns, with even lower rates for those earning under $1 million annually.

My gut tells me that Texas, particularly Austin and Houston, could be where the next wave of growth and expansion occurs, mainly driven by strong business and job creation trends.Here’s what I’m looking for in my US investments:Free-standing houses with a good land component, at least 3 bedrooms and 2 bathrooms, and in well-maintained condition.Budget : Will have to keep a factor of safety for the current exchange rates of AUD.USD = 0.68 so will cap our budget at 250K- 300K.Yielding over 6%, with a slight cash flow positive outcome, while also offering medium-term capital appreciation potential.Holding for at least 5 years or more, with a view towards steady growth.The long-term goal is financial independence, reducing reliance on salary-based income, and building assets during this accumulation phase.Debt reduction is on the horizon—looking to consolidate and start winding down debt within the next 7 years.If anyone has experience investing in the Texas real estate market or any tips on navigating US property investments, feel free to share your thoughts!

But even breakeven on a house in a super fast growing market like Raleigh will statistically produce hundreds of thousands in return equity over time.

@Maurizio Pisciotta  Great you are aspiring to build financial independence with real estate. 

Signatures and Legal Advice: All parties must sign the agreement, and each party is advised to seek independent legal advice to fully understand their rights and obligations.SummaryThe hours you spend creating the agreement will likely save your friendship and legal fees.

I give you analogies, and explanations, I even give you statistically measurable numbers and data to back it up.

It showed the upward trajectory in Ogden to be among the most deviated in the country from historic market data.At the time, I thought this to be an interesting and coincidental statistic because Ogden's upward prices were a function of the entire Utah trend and the laws of conformity. 

I personally owned in the historic northeast and had great cashflow and never had crime issues and that was on the "bad" side of Independence Blvd when I was still out of state! 

1st check your state law regarding wholesaling.2nd- As a real estate broker you are an independent contractor.