@Bill J Fay, I like the idea of asking for current projects or examples of work in addition to references.

Hope this additional insight helps you in making your decision. 

The accounting aspect is a an additional thought I hadn't heard before.I know some people have used this strategy in an attempt to avoid triggering a re-evaluation of property taxes.  

With that kind of acquisition strategy, it might benefit to utilized a delayed purchase because most lenders struggle to underwrite deals in the span it takes for the auction to close.If you do it delayed, you can stay mostly liquid, then follow up the purchase with essentially a cash out refinance of the purchase price with rehab funds being put into an escrow account as well.Would be happy to explain further, but my clients that operate that way tend to prefer that method to keep getting their cash tied up too much. please explain further sounds phenomenal Jacolby,You purchase 100% in cash, then you do a refinance of the purchase price (usually about 80-85%) and treat it like you would if you were 'purchasing' the property again (so downside is additional closing costs) and add the rehab escrow to reimburse for the rehab being done.

I will be seeking a reduction from the.

The additional time to close will more than pay for itself in the long run! 

I have contested multiple properties I own and almost always get a reduction in property tax.It is very easy to do.Sometimes I use the property itself to argue value.Sometimes I used what comparable properties are paying to win my argument. 

Going to be tough to find a cash out at 80% and if you do I would be cautious about additional/potential hidden fees.

So... you can certainly be 'RIGHT' and still be a horrible investor making nonsensical arbitraty decisions or you can just be an investor and look at if from that standpoint - sure, you can decide to nickel and dime for additional Tenants and you would be even more justified if you are paying Tenant utilities (if this is the case).

We prefer not to wholesale properties with tenants due to the potential liability for the buyer and the significant reduction in our pool of buyers if the property is not vacant at closing.