If you want to minimize your risks talk to your Banker, Realtor, other investors.

It's because typically people say they want financial freedom but are looking for an easy button where they do minimal work and all this success happens in their life.

Seems like a nice bed of cash coming in to use as a launch point - plus minimal cash out the door on initial purchase.  

I recommend starting small and looking for turnkey properties to minimize the stress of managing rehabs.

@Thomas F Blaskey If your gain after expenses is minimal (~$15K), selling outright is straightforward, with modest taxes on the gain (15%) and depreciation recapture (25%).

You'll have quality tenants, minimal hands-on management, and lower potential maintenance issues.

Just curious what is the long term plan as far as minimizing tax in later years as the account in pre-tax become huge?   

At the same time, I prefer to minimize liability, though I’m not a seasoned investor.Is this one of those calculated risks that investors eventually become comfortable with, or should I prioritize limiting liability from the outset?

Cruz Muniz Start as a sole proprietor to minimize costs while testing wholesaling, as it's simple to set up and file taxes.

In other words, a Mortgagee may still be entitled to amounts over the minimal bid or reserve up to the total due under the note.