.; big cracks in foundation, signs of water diversion failures, etc.). ...But on a new house, there's often no way to know what lies ahead.

Talk to a local lender.Cash out refi or HELOCBoth have fairly high rates currently so make sure the payments work for your strategy ahead of time.  

If the numbers work, then go ahead.

Doing your research ahead of time will save you lots of trouble!

When I was looking for my first property I looked for an investor friendly agent in my area that was a little ahead of me in his/her investing career.

So, if you can find that happiness already along the way, then you only need to make enough money to pay for your needs, because you're already ahead of those who are still doing things to get money.Basically, I might have a short attention span and have to constantly find new ways to stimulate my brain - lol. 

I recommend using more conservative numbers, so when/if you beat your expectation, you're ahead not behind.

I think it’s a good place to start, build relationships and build some capital and maybe not get too ahead of myself with a potential market drop imminent.

So do I have to notify the lender about it or can I just go ahead and move and rent the property?

Roul Ive never wholesaled a property before but I believe you should have already had someone lined up to purchase the property ahead of getting into a contract.