I do not expect to meet more than 25 people in my entire life and career here on BiggerPockets who will make $400K in wholesaling fees.

You need to make sure you're working with someone whose sending you personalized deal flow that actually meets your buying criteria.

@Victor Yang To use the rental losses to offset any active income (W2), you'd have meet Real Estate Professional status (which would be difficult to do with a W2 job because you'd have to work more on real estate than any other job to qualify) OR have an AGI of $150K or less.

When I establish LLCs I always ask my clients to have a meeting with a CPA from the start, even if they are going to file their taxes on their own. 

Go to some meetings ahead of applying, talk to the members of the board and ask questions if you have any.

I'm unsure if they lend on new builds or not, they do have a website where you can set a virtual meeting with them.https://www.goodfaithfund.com/

Most newer wholesalers I meet are looking to do this just to build their own portfolio, hold on to the properties they want and capitalize on the ones they do not.

For best results shop the vendors (who can be covered by insurance/meet HOA requirements) and get several options to your HOA management company to have the board pick from.

It is an investment property, and does not meet the qualifications of being her/their primary. 

Hi Jaycee, We don't meet any of the three criteria you had mentioned.