The "Initial Filing" is extremely important to get this right the 1st time as there are limited safe harbors for mistakes to avoid the penalties.

If your'e looking for purely long term appreciation you will likely do great in these markets but if you're looking to have high cash flow and avoid a potential major pricing downturn.

If you want to avoid partnerships, bring them as lending partners vs equity partners.This post does not create a CPA-Client relationship.

Plus, it avoids the waste and hassle of bottled water. 

If more important items such as plumbing, electric or mechanicals are not working we will also address that for them but typically we avoid those kinds of properties if its to extensive.For those who are familiar with wholesaling you fully understand that to wholesale none of what we just mentioned above is necessary or obligated to be done in order to wholesale.

An uncontested foreclosure is often the best way to resolve issues with subordinate lien holders though I've also contacted some and explained they were about to be named in a foreclosure and suggested that could be avoided if they just released the property from their judgment/lien.

There is also the emotional aspect that makes us want to avoid certain things, like townies walking through just because they are nosey.

Just be sure it’s documented and consistently applied to avoid any Fair Housing pitfalls.Another option is to stick with strictly quantifiable criteria—credit score, income ratio, etc.

Conversely, you will run into people on your list that just seem to be a waste of time, so you’ll want to avoid them.

You can hear real-world examples of how others have built their investment portfolio and (hopefully) learn to avoid their mistakes.4.