Where I see the biggest pitfall however is, in practice, you may run into trouble with the appraiser on the new property re-fi if you're not doing any improvements.

Lowe's just came out with their biggest appliance sale of the year- up to 40% off. And if you join Lowe's Pros, you'll get an additional discount (it's free to join). I believe that the sale goes through February 12th...

Personal money How did you add value to the deal?

Hello Trying to get back on the real estate investing space and build new connections that can help me to speed up the process.

I have been on BP for a while but my profile is prompting me to do an intro.

Quote from @Gregory Wilson: A few things there, Brendan.First, an LLC with you as a member and your (wife, son, pal, etc.) partner as a 1% member will file a Form 1065 which is about one tenth as likely to be audited by the IRS as a Form 1040 with a Schedule E rental activity (which I presume you will attempt to show is an active business).Second, you want an LLC because when your local Alabama handyman drives his girlfriend's uninsured truck into a van load of U of A medical school interns on I-22 when he goes  to get some shingles for your roof, on your business, you don't lose everything you have or ever will have to an uninsured claim. 

If the house is listed on the MLS and everyone else has passed on it, then you didn't "find" it. 

You subject yourself to a lot of risk on DIY.   

I have a small wholesaling business that operates in King, Pierce, and Thurston counties.

Quote from @Caleb Brown: I would focus on being an agent first and building that business.