I will likely connect with a local RE Lawyer, but wanted to get a better grasp of things first.

But listen, we have no kids, very little revolving debt, a big cushion of savings and capital, and Id like to think a firm grasp of know how on the industry (I’m a residential realtor).

During the process, he started working for a company that sends him to properties to give repair estimates - Windows, roof, flooring, etc.He was trained before going out into the field alone and now has a pretty good grasp on rehab estimates.

Once you get a better grasp on clientele you will realize the clients that push requests TOO far right out of the gates are tire kickers most times.  

We all have to start somewhere, and it usually starts with large visions until we grasp the full scope and what's involved.

During this time keep looking at your market so you can get a grasp of the area and what it’s doing.

I'm not grasping the fact that the lender wont let us use the taxable income shown on our returns.

I think you didn't have a good grasp of what the repair costs would be.Even now, if the property is occupied, do you need to do $50K worth of work on it?

Hey @Genesis RodriguezSo first just a disclaimer that I definitely know nothing about contract law in TX so you'll want to do your homework to double check my advice.I am not a wholesaler but being a REALTOR® I have a decent grasp on real estate contract law here in GA.

Before to invest outside of your state, I would travel to that location to see everything with my own eye, meet people;  again if you are new to real estate you may not grasp another market too quickly.