In the last 18 months various states have instituted new rules, regulations or laws related to (1) need for licensure to wholesale (2) restrictions on marketing of a property in which you do not have ownership and (3) disclosure requirements when dealing with a homeowner that makes it clear to the homeowner that the contact signed with the wholesaler is not a definitive “sales” contract, therefore making it less likely home owners will sign4.

Managing self-employment income requires tracking eligible deductions like business expenses, home office use, and retirement contributions.

I actually like them because the homeowners' association (HOA) usually covers most of the insurance, and there is very little maintenance required.

I'm still using it for flips and other investments but not trying to be long HELOC loans as 10% is still expensive money.If you want to talk more, I'd be happy to have a conversation.

The biggest thing with 5+ units is everything is more expensive, and the inspection requirements (depending on the municipality) are often more rigorous.

How do you think the 2 relatives will feel about having their rent raised or being required to pay rent period?

If you don't meet that 12 month seasoning requirement and/or want to hold the property under an LLC, a debt service loan may be a better option.

Dwelling/Fire policies require that you request a limit for contents.3.

This attorney should handle creation of your PPM and state filing requirements, but they do not handle the PSA or closing. 

Quote from @Paul Gupta: Hi, in California, For jobs requiring a license, there was CSLB (contractor state licensing board) which would give either a General Contractor license, or specialty licenses by trade (~60 specialties such as concrete, welding tile, ) https://www.cslb.ca.gov/about_us/library/licensing_classific...My Q: does Maryland and DC area have similar requirements?