I'm new to Biggerpockets, but a few people on here want to criticize me already for posting.

The AML Program should provide clear and unambiguous procedures to identify such instances.A transaction requires reporting if it is conducted or attempted by, at, or through a covered retailer or community, it involves or aggregates funds or other assets of at least $5,000, and the covered entity knows, suspects, or has reason to suspect that the transaction (or a pattern of transactions of which the transaction is a part):Involves funds derived from illegal activity or is intended or conducted in order to hide or disguise funds or assets derived from illegal activity (including, without limitation, the ownership, nature, source, location, or control of such funds or assets) as part of a plan to violate or evade any Federal law or regulation or to avoid any transaction reporting requirement under Federal law or regulation. 

In the past few months I have spent a lot of time learning everything I can from a variety of sources.

Hey @Jeff AmoreThe information you provided, in and of itself, definitely isn't enough to eliminate the possibility; but I'd need info on a couple other critical factors before I could really say one way or the other.A few of the questions I'd personally want answered are:For one, how much cash do you need to bring to the table and how much debt are you taking on?

If you are getting super frustrated after placing 2 offers, this business might not be for you.Try to find a successful wholesaler and see what their sources of properties are.Did you do any marketing?

welcome Jessica, You have found a great source here.

Dry naturally and repeat.If it's a flip, I'd source wood look laminate or the above mentioned tiles.

There's ton of information I learned just from those two sources alone!

Thanks Paul, I've been inundating myself with various Bigger Pockets sources to get up to speed.

It also makes you aware of how critical the administrative side of a business is.