Hi there,I have spent the last month and a half reading a lot of books and blogs trying to absorb as much as I can before I enter the world of real estate. 

I emailed the following report to the building management via their online service portal:Subject: Flooding in apartment on 26 May 2015/ Carpet Removed & not ReturnedI am following up on the flooding that occurred in unit #1905 on the morning of Tuesday, 26 May 2015.As witnessed by security guard on duty (D...) and the concierge on duty (A...) quite a bit of water entered the apartment due to what should have been a sealed area of the window and the wall - not an open window.I was told that maintenance would be coming to inspect this and to caulk this area.Please let me know when they will be doing this - especially in light of the fact that we are approaching hurricane season.Finally, as also witnessed, my rug was soaking wet due to this flooding.Hence, it was removed from my apartment and I was told that it would be cleaned.It is almost a week now and I have not received my carpet.

If you watch the videos he says they say you should not enter into agreements with the intent to wholesale or market photos of the house you are trying to wholesale.  

You may have a hard time getting rid of the existing tenant if they have been a long term tenant.Don't enter into a no lease agreement.

So be careful to not let emotion enter your brain and stick with rational thought, evaluation and numbers.

Qualify for a few properties and then buy into larger properties where it is not an issue or you can still  go with a local bank but have established a track record by then.New buyers entering commercial typically do not understand the debt markets and how that impacts a potential investment.

The main problem it seems is about how one may market their wholesale deals and their intent when entering into an agreement with a seller. 

We bought this house of the tax repository list which the county was originally asking $1850, we could see in the basement window there was about four feet of water and since we could not "legally" enter the property we estimated some other issues we might run it to and offered $500 and the offer was accepted by the tax office.

I think it will become apparent as you're looking that San Diego tends more towards value in property appreciation than immediate cash flow, if you're entering with a smaller down payment.  

Otherwise, full disclosure is in order, but it would have been better, had you been able to enter the relationship under that premise.