You don't NEED a license for wholesaling, but I think you will find very beneficial having your license and how much you'll learn in class!

Having a full time job while doing it is also very beneficial from a financial standpoint.

the electric and cable are in the name of the tenant.with my primary residence i have liberty mutual insure my cars and my homeowners.

Thank you all again for the great advice.I would see how a private lender would be more beneficial.

Thought about funding a fairly conservative mutual fund to stick the money in until I'm in a good position to sign some house papers.

Has anyone had success in the last few years purchasing non performing Mortgages/Deed of trusts from Beneficial Finance/ Housekey Finance Corp / HSBC ???

. #14, LOL :) there is just too much expression injected with some tangent thoughts, where the shear volume causes too much trouble to address to yield a beneficial end, worth commenting on each point mentioned.

I want to sell these properties off and reinvest the proceeds into some combination of stock/bond/mutual funds etc.I own the properties out right (no mortgages) I would like to sell these without paying massive capital gains taxes.

And the more income that you have and therefore in the highest brackets the more beneficial donating becomes.

I found Biggerpockets an excellent resource to learn and meet fellow investors to network and help mutually