This type of transfer can sometimes trigger an acceleration known as the Due on Sale Clause, which allows the lender to immediately call their note back (meaning you need to pay the entire note back within 30 days or transfer the property back into your own name.)

I've been reading and researching wholesaling over the past month and have decided to pull the trigger and pursue this as a secondary source of income.

I’m not opposed to any ideas just trying to pump myself full of knowledge before I pull the metaphorical trigger.  

I believe it is all cut and dry websites for $10/month.If you'd like your visitors to search for listings, you'll need to integrate an IDX I use iHomefinder or IDXBroker.

Would that trigger capital gains tax? 

Plug in the numbers and either pull the trigger or don't. 

Will the market dry up in a month or two or three when they decide to move out?

Don't get bogged down with analysis and never pull the trigger. 

$7500/month negative cashflow will bleed you dry!

If your basement is not finished and you just want a clean, dry basement then having an interior system put in is perfectly fine.