If the space allowed you can prepare one iron made staircase and just fixed it over there.

Hence the reason why Wil started this marathon of a thread.This thread is to slowly and painfully educate the new or inexperienced investor/wholesaler in the process of a good wholesale deal.I believe that if someone can read this thread in it's entirety they will pick up a few key pieces to help iron out the rough edges.

The long explanation above conveniently skipped the fact that the taxes due on $35k at exit will be higher than the taxes paid on the $35k over the 5 years if the amount was not offset by depreciation loss.It’s ironical that the only way to realize the gains without paying taxes is to die.

Ironically the one inquiry was upset I wasn’t charging a damage deposit which I manually applied. 

A bit ironic, no?

I have some wrought iron repair I'd like to have done on the front porch at my 4-unit and the $1000 can go toward that. 

How ironic of the timing of how this China Wuhan COVID-19 came on on the scene in December and China downplayed the news of it in January, then did an internet blackout on all reporting.  

I've been doing lots of research trying to iron out all the details of the wholesaling process, especially in Texas. 

Ironically, they confided that they earn more money on fees charged to tenants than they do management fees charged to owners. 

Also, you hit at the classic day job issue which has two camps, too...ironically, your day job may help you launch away from it (as banks like a strong, steady w2 like yours to make loans), so that can be part of your real estate plan, too..