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?

This was buying dead brands where PROFESSIONALS in those particular industries in question couldn’t avoid bankruptcy and every single major brand in those industries failed to bid even a minimal amount to buy those brand names  - because they knew those brand names were worthless.  

This minimizes disruption if issues arise.

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

However, higher fees do not necessarily indicate skills.Final ThoughtsA skilled property manager can save you time, minimize risks, and boost profitability.