Your lenders are also going to require you to have some cash reserves.My statements are generalizations based on the majority of the industry.

Since your new to the industry, let me clarify because various people with mentoring programs to sell will misuse labels so prospective customers may be more willing to part with their $.Wholesaling, as the term is used currently, is a job, just like being a real estate agent.Buy, fix and flip is a business, just like any business that buys raw materials, adds value, and sells it in the marketplace.Neither are real estate investing.  

As you advertise yourself as a broker, you are one of the industry whose job is to try to move money from average people to yourself.

An accountant would also be a good idea, as there are many tax rules for the treatment of passive income and partnership income.The following is all intended to be read hypothetically and not as advice to you specifically:In a general legal sense (again, not specific to your situation) this is usually a slightly more complicated situation than it might seem.

Brought out 3 termite inspectors who informed me that they can do spot treatment, but that termites have most likely infested in the exterior walls and roof, possibly the basement as well, which will require fumigation.

I'm not looking for any special treatment from him but if he knew we were interested he might dissuade us or possibly work with us to dispel my concerns. 

@Dylan Cronkhite My main focus is investing, however I became a Realtor to learn more about the process and the industry than anything.

They have conservative leverage, put high skin the game, have been through multiple real estate cycles with no investor money lost and have very favorable tax treatment.

Make sure the lease spells out a hefty penalty like all new paint and carpet etc - in reality most of the time an Ozone treatment wil take care of it. 

I use Hubspot for all of my businesses and they cover the gamut in the industry from investing to technology.