Keep in mind that online a 5% conversion rate is considered pretty good.

@Jim K.What blows my mind is this was flat paintCould you imagine if it was gloss

You would need to find an agent that already prospects and doesn't mind working with distressed properties.If you're looking to buy foreclosures on the MLS, any agent can help you with that, but if you plan to submit 100s of offers electronically, then you'll need to be up front about it and find an agent willing to do that.

there are many gurus who teach illegal wholesaling Snap flip just came to mind..  

Any tax reporting things to keep in mind for my accountant?

In their minds, their next renewal will be based on the $2,600 level, not the $2,800 market level.

Know your comps and visit them to not only ask what they charge but also to get a feel for the quality of the units, renovation level, curb appeal, functional obsolescence, etc.  

I don't mind something that needs a little rehab just not a total gut job since I am not in the area. 

But, of course, with our mind set on building a rental portfolio, and the market we live in, it didn't make sense not to add an apartment over the garage to create cash flow for the mil to cover her expenses and travel as she's always wanted to.So, here we are, moving forward, plans in place, ADU permit acquired, ready to break ground and having trouble getting the Mil financed.First attempt was to get a Heloc loan, keeping it separate since she has a great rate on her first.

keep in mind fake lenders are the new Nigerian prince scam of real estatethere is no private money that is less than about 10% apr.. bottom line.