Real estate attorneys generally handle purchase/closing transactions but you want a securities attorney also for the syndication aspect of what you're trying to do.

The SEC also regulates this aspect of raising finance.And there are state-specific laws.

You should consider accounting aspect of your business especially if you are thinking of keeping it for several years.As you already aware, highly leveraged = risky.

This depends on various aspects.

This avoids the pre-sold aspect and takes away your risk.

Now that's like having a gun and bullets both, but firing into a crowded street.. lolI am not even touching potentially unethical aspect of wholesaling. 

I’m a contractor by trade so I can handle all the Reno work top to bottom so that aspect doesn’t worry me and I’ll save money on the labor.

@Tanisha ElieHere is some information for your considerationPolk County/Lakeland is ideally located centrally to Orlando and Tampa, we have many warehouses strategically located throughout Polk County, to include warehouses for Amazon, IKEA, RoomsToGo, PepsiCo and Publix which make this area strategic for distribution throughout Florida, not to mention Publix is headquartered in Lakeland, and we also have a large presence for Coca Cola bottling and Juices in Auburndale, FL which is about 10-20 min from Lakeland.You will also find LegoLand located in Winter Haven, which is and adventurous theme park with rides and a water park, ideal for the kids, we have many families visiting this area year round, this helped cause an uptick in short term rentals (airbnb, VRBO). https://www.legoland.com/florida/Lakeland is also home to the yearly SUN 'n FUN held in April, which is Florida's largest annual convention, which spans over 6 days on 2200 acres, and it has been recorded to have had a $64 Million direct and indirect economic impact on the I-4 corridor (From Tampa to Orlando). https://www.flysnf.org/about/We have team in this area working on most aspects of investing, I would be glad to help, PM me if you want to chat further.

LOLFirst, I will be clear on ONE aspect:  If I was to live in the property, I would pay it off.As we all know there are a number of states that do not have state income tax.  

For example, an asset, real or personal, held in a qualifying retirement plan, is exempt from creditor attachment as long as all aspects of the retirement plan comply with Federal regulations and a absence fraud.