I would just add one section to the very top of the list....1)  Take action      - I will do my best to be smart and analyze but not let my fear prevent me from taking action     - Take measured risks.   

I will suggest secure the contract with the owner first; add on the cost of redemption of the tax deed(extra 20% within the first year, public info after the sale) plus your profit margin & then sell to your potential buyer.

If you do not already have the LLC setup I would not set it up, just get a good landlord insurance policy (i.e. make sure your insurance company knows you are renting the property) and add on an umbrella liability policy. 

After that so be it, sell on.I don't allow the wholesale "partner" to add on to my assignment.

@Kara HaneyYeah.. definitely need to watch how much debt you add on. 

Add on cregslist3. add on postlets.com4.sign in front of the house5.pointer signs6.flat fee listing on the mls, with the realtor getting 20% of the down payment if I finance their buyer or 3% if they bring me a cash buyer.7.

I believe after repairs this home will sell for much more)The renovations would include: an extended and upgraded kitchen, combine 2 of the rooms to make one big master suite with walk in closet and and a master bathroom suite, adding a bathroom, uncovering and refinishing all of the original hardwood floors throughout the entire home, add on back screened in porch with an additional open deck off to the side, new fencing and landscaping, a new roof and some modernized upgrading to the additional rooms.

BOTH roofs are complete rehabs in the add on section of each house.

You might even be able to get this as a pre-cast piece of concrete.If it doesn't have a back porch light (under the awning), you might add one. 

The one on the right looks more like an add on to me.my partner and I do this on a lot of our properties, come up with two different options and see which ones make the more sense. which brings more rents a dining room or a bedroom?