@John MoorhouseIf you're born to the hustle, you're not afraid of learning things, you don't give a damn what other people think about you, you're willing to stick out putting money aside for years when everyone is spending at it and dismissing you with contempt and pity, when it comes time to poop or get off the pot you can make a decision and stick to it, you've got skin skin like an alligator, and the idea of repeated failure and humiliation does not paralyze you, you'll do great in real estate.Look around, do the online video course (Education tab, Free Course), ask questions.

Reese you just added what those of us that fly little airplanes call an addition to our experience bucket like not flying through violent weather LOLwe do a lot of buying at on line auctions.. there is always a deposit.. many times a deposit of 2500 just to make the bid..So not sure how information got out there that no EM was needed.now some areas in these low value assets folks use 10 bucks and such..Anyway.. on larger deals we buy that are over 100k to 200k we usually have to put up 5 to 10k.. as EM now for me I like that keeps the wholesalers at bay.. and evens the playing field your not competing against folks that cant perform .now you know be ready next time.. 

There are multiple You Tube videos that show you how to do it. 

Should I show my buyer how I arrived at these estimations in addition to sending them a link of all the pics/video I made of the property?

Do I receive video of my pre and post make ready?

Do I receive video of my pre and post make ready?

I open every door and drawer on video prior to a tenant moving in.

You must use all of the cash proceeds in the next purchase or purchases.Any difference is seen as taking profit first and you pay tax on the difference but to not jeopardize the remainder of the exchange.In your case with no debt the amount for #1 and #2 above is the same.I'll pm you with a link to some video training on the subject.

@Darius ThompsonYou should also take pics and maybe a video walkthrough when you get it under contract.

I read the forums, blogs, listen to podcast, and watch YouTube videos to gain knowledge.