Caulk should last five years.

Has it developed much in the last 5 years? 

The last thing you want to do is go through formal sale since you’ll lose the Prop 13 tax basis, which is likely a $20k/yr saving.

In the last two days, I met with two business sellers who have net profits of $580,000 and $600,000 per year respectively. 

Once you have figured out the first 2, the last questions will fall into place.

AND prices have come down a bit in the last few years.Get a good grip on your personal spending and CUT BACK on everything for a couple of years.

In the last 18 months various states have instituted new rules, regulations or laws related to (1) need for licensure to wholesale (2) restrictions on marketing of a property in which you do not have ownership and (3) disclosure requirements when dealing with a homeowner that makes it clear to the homeowner that the contact signed with the wholesaler is not a definitive “sales” contract, therefore making it less likely home owners will sign4.

He is currently protesting a rent increase, and travelled from NY to FL to personally harass my family and I last week.

If the insulation is in decent shape and not covered by combustible insulation, and not terribly overloaded, it might last many more years.

Last year I re-read Rich Dad Poor Dad, and I've immersed myself in learning more about real estate investing ever since.