In other states, home/rent value going up means your property taxes also go up in proportion, so if it's not 2% on day one than it'll never be 2%, because rents going up 10% might mean prop taxes also go up 10% (or maybe it'll go up 15% because the elected tax assessor is anti-landlord, who knows).Here, people will often buy using 1% and just chill while Prop 13 does its magic.

Maybe scrub it with mold stuff and apply anti mold spray?

That is saying something given the "anti-guru" sentiment of Bigger Pockets.  

Oregon and Washington have very strong anti equity skimming laws and what you can and cannot do with someone in foreclosure.Suggest you read those statutes before en barking on this path.that said people break the law EVERY day  doing this..

Anti money laundering and terrorist financing is one area where most regulators around the country have issued guidance.

@Christopher Telles  I bought my sub 2's pre 08  and quit when the anti pre foreclosure and equity stripping laws were passed in Oregon and Washington..

You're absolutely right, my mind went automatically to the 90 day anti flip rule when using FHA.  

Anyway, I've read some other articles, this morning, both pro and anti-wholesaling and it seems like if you are a licensed realtor, you are against it and, if you aren't, you are for it. 

Are your tired of Dodd-Frank, afraid of losing mortgage deductions worries about raising capital gains ,anti-flipping laws.Worried about the fed trying to deflate real estate bubbles.Our answer has arrived The Donald finally an investor friendly, no worries real estate guy can we can claim as our ownWhat do we think Bigger Pockets nation?

but we had to pay cash to get the huge discount.. but we did get our local bank to fund it with no money out of our pocket.. but most of the folks here on BP starting out probably cant get 2 mil signature loans like we did.anyway would be curious to have you expound on your model if you care too.I did a ton of sub to and foreclosure rescue in my day before the anti equity skimming laws were passed on the west coast