.- You close on December 10th- The property is in great shape and does not need any significant repairs- It only needs some paint touch-up and changing a couple of broken fixtures, which you do yourself- You spend the next week buying furniture, electronics and supplies and installing/arranging everything yourself- You also roll up your sleeves and scrub the toilets and sinks and appliances- You put it on AirBnB/VRBO and have your first guest renting it for the 3 days of Christmas- You second guest rents it for the following weekend and leaves before NYE- You personally clean and restock the place between these two guestsCongrats!

And, they generally bring forth action when a neighbor files a complaint and the fines/remedies can be painful. 

The finding can be quashed if the U&O is clean and the municipality doesn't support the inspector's finding, but that might require some court action.

I spoke with our attorney and he says we can file a class action.

Given these circumstances, I believe there may be grounds for a class action lawsuit against these companies, and their owners.

I'd also recommend diving into books, podcasts, and even attending real estate events to start learning more.Here:Learn the Basics: Study property types, financing, and market trends.Network: Attend events, connect with pros, and build relationships.Find a Mentor: Seek guidance from someone experienced in commercial real estate.Start Small: Look at smaller deals or partnerships to get your feet wet.Take Action: Once ready, start evaluating deals and making offers.

You only get paid enough to continue.3) You don't need a dozen self-help books, all you need is action and self-discipline.4) YouTube University, podcasts, and the internet will only take you so far. 5) Book smarts make interesting conversation, street smarts make money.6) Find someone who is successful doing what you want to be doing and ask questions.

You may want to see if the actions you do as a wholesaler allow you to claim real estate professional status.If you can, you can potentiall offset the wholesale income with the rental losses.Discuss the above with your CPA.

Best course of action here is to make a WY Umbrella LLC that owns the CA and any future LLCs.2.

I did not read the rules around security deposits. you may be allowed to use those funds and still file a small claims action for any remainder, but I can't imagine that it would be worth it if you have at least one month's rent in security deposit.