They will probably test you (especially if this is a C class type area).

Then I would expect you must disclose regardless of whether you market in Indiana or Idaho.If the property were in Missouri, and you were marketing in Missouri then you may not have to disclose since you are not licensed there ... but ethically, you might want to disclose just the same.It would be a good question for your test ;-)

And the chance of you being to find another deal and close right after the refi goes thru are slim to none.Deals tend to come in bunches and then you have gaps where there is nothing.

@Tami Walker,I don't know anything about rentals in Sarasota FL.Run a "test rental ad" on craigslist, and that could help you.Raymond

One thing I can't seem to remember and consistently get wrong on practice tests is the difference between Truth In Lending, RESPA, and Regulation-Z and what they each require.

If not, there needs to be one installed. 8) The furnace, water heater, gas applicable, and A/C has to be tested and approved by a licensed contractor.

But I have also been through some trying times and tested my staying power.

I would recommend testing the market out at $390k, and take it when offered.

After I close that one, I will list this property and test the market for about a month or two before deciding what to do. 

With a simultaneous close, neither the buyer or the sellers knows what your profit is so there is less chance of losing the deal.. and all the profit.The chances of you getting paid a $20,000 or $30,000 or $50,000 assignment fee for a wholesale flip deal are slim to nothing.