However, many states now require some version of a license to wholesale, so I'd identify a market first and then dig into their specific wholesaler requirements. 

You pay 10% penalty plus taxes (lets say state and federal of 25%) - so you are paying $70k in taxes so your $200k is now $130k.

Now for some nice winter shots then schedule for summer so you can add them as well.

I am the Vice President of OmniKey Realty, and I would highly recommend scheduling a tour with my investment team if you haven't already done so.

I provided a free rent back for 2 weeks so the seller could get her funds and relocate.

Spokane has recently changed zoning and development policies to be much more friendly to making additions so you won't be fighting too much red tape.

Just make sure to run the numbers with the HELOC payment and the rent, so that you are not underwater every month.

And then, with every new program manager we get it seems there is a new idea about what color scheme will be better to keep the clients calm so we repaint them walls at least with each New management change that occurs.

They develop, they build, they finance, they property manage, they will have HAO, cleaning crew etc. etc. etc. so the subsidiary companies make money every step of the way.From investor perspective: The investor pay $15 K to reserve the right to purchase 25 multiplex over the year of next 5 years. 5 each year.

So my area has sub 6% cap rates.