Your experience will definitely be an asset on this site.

I've taken an accelerator course to teach me about REI and making deals, but it was a bit too fast to have everything sink in so I'm working on building my purchase contract and assignment contract as I would like to start with wholesales and maybe a rental or two to get some cashflow.Today I incorporated as an LLC to make sure I'm protected.I'm looking for the following:other wholesalers to do some deals withbuyerslenderstitle attorney / title companyI'll hold my questions for another post, until then; let's connect on BP, meet for coffee, and see how we can help each other.

Make your own coffee & lunch at home in the morning.

If I felt like this person could essentially organize and let go of things in a timely manner, probably wouldn't be an issue.

Flipping PropertiesIf the primary objective of your real estate business, or one of your real estate businesses, is to buy, potentially fix up an existing property and resell it within one year, the Internal Revenue Service can consider that to be an active trade or business.

The house would be an eventual teardown, land prices alone are 150-200k and rising. 

Several BP guests mentioned it in the podcasts, but I wish there could be an episode on how ppl plan for retirement using real estate (the transition to more passive investment, notes, self-directed IRA, syndications...)

If you are potentially relying on other investors to buy into the area to turn it around and they (whoever the are) don't, selling for profit may not be an exit strategy.

With a decent (above 640) credit score and verifiable income to make the payments, you may get in with just paying (ALL) closing costs.Based on current lending guidelines, your exit strategy could be an immediate, no-seasoning Hard Money refi or a traditional bank refinance with 6 months title seasoning.

In my county, there will be an auction in a few weeks at the tax office.