If you are paying the mortage payments on an existing mortgage on the property, and assuming your taxes and insurance are coming out of the escrow account associated with that mortgage, you should be able to deduct those items.I would make sure that you have your attorney review the contract that you will enter into with the buyer, and also give a quick call to your tax advisor.  

As to AECF - we get monthly updates from them at our neighborhood association meetings, but I don't think there are any recent public updates on the property.

My next step is to keep reading, listening to podcasts and joining the local real estate association.

Any info on typical cost associated with refi would be great, also rental is paid off.Thanks!

I actually had a concern about this knowing that measure L had recently passed and it turns out the North Richmond is outside of the jurisdiction of Richmond proper so the ordinance would not apply based on what I was told.It's still good to check with the new rent program office to make sure. http://www.ci.richmond.ca.us/3364/Richmond-Rent-Pr...I encourage you to look into EBRHA (a rental property owner association) if you do end up getting into the rental property business.

I am leaning toward the idea that wholesaling is more of a you eat only what you kill, such as like being a RE sales associate, while rehabbing is like being a broker.

Steve T. take a look on Narpm.org that is the National association of Residential Property Managers.

The more you buy/sell, the higher % you keep, depending on your contract with your broker.You're probably best off at a small local firm where you can pay minimal fees, get access to MLS and basic supervision, and aren't required to pay $600/year to local/state/national association of realtors (NAR).

Try the Apartment Owners Association of Greater Orlando in Maitland. 

As far as where to find a partner to flip with or someone who is flipping full time I would just say the usual suspects....the local real estate investor associations and networking as much as possible.