Also does anyone know that if I set it up as an LLC and donate 90% of the company's net profits that I can avoid getting taxed on the entire 90%?

Most of the problems mentioned up top could have been avoided.   

I would also like to gather knowledge of beginner mistakes that I should avoid and just expand my knowledge of real estate investing as much as I can and help establish myself and become comfortable and confident in my investments.  

What do you think of this strategy to avoid CFPB regs on qualifying tenant-buyers and still earn a good profit?

Just because our family and income grew and we no longer want to live there, doesn't mean that starter home neighborhoods should be avoided. 

I'd like to avoid major rehab.

I've discussed this with Maysim, and respect her right to post her grievance.Please note that we send two renewal notices prior to the auto-renewal of any annual subscription specifically to avoid this issue.

Graduating with a business degree may help you avoid common business mistakes; mistakes that can break you earlier on.

I believe most wholesalers avoid REA like the plague and get deals directly from the seller or those in pre-foreclosure.

Or do you just try to completely avoid any property with any signs of water damage?