Thank you @Harold Anderson,Water is definitely an issue as well (no pun intended).

@Harold Smith There is no formula to determine how much a wholesaler gets paid.

@Katherine Mcgee Some of the best ways to get leads to get off market properties on contract for your to wholesale is to hit CraigsList and look for " private home owners " who are trying to sell their home by themselves, and lock in that contract to sell their property.

One of the best and honest Real Estate Gurus I know is from Sacramento, her name is Alexis Mcgee and her website is [LINK REMOVED] She has some inexpensive and very good material where you can learn a ton about RE investing, you should check her out.Happy investing!

Hello @Shawnee McGee and welcome to BP.

Continuing the earlier example, if Harold had actually rented out the property for four years (2009, 2010, 2011, and 2012) and then used it as a primary residence for two years (2013 and 2014) to qualify for the capital gains exclusion, and sell it next year (after meeting the 2-year use test), the total $150,000 of capital gains (above the original cost) must be allocated between these periods of qualifying and non-qualifying use.

Quote from @Ginger Mc Gee: hello everyone!

@Harold K.

Quote from @Harold Looney: PJ Boxel - thanks for your post and congrats on your real estate success in Spain.

@Carson McGee Do you have any property in Oahu?