By and large properties in Montgomery County and Howard County do not sell at enough of a discount on the MLS in order to flip...so flipping in those areas takes a system of finding the properties off market.  

They have a point system based on what they call qualifying experience and if you hit their required points then you can apply for the license.

That's really the question.If the buyer does have a system for inspection, title research or other due diligence and leaves this up to wholesaler/intermediary, then you ought yo oasis until you are comfortable with putting am process in place.The wholesaler is negligent in being clear, IMHO.

But we all know that some homeowners respond to  that personal, yellow letter approach.Companies like ours don't just provide a national brand, but we also provide the marketing and lead management systems that help our licensees or franchisees to succeed.For you guys who are newer, I think there WILL be great value to being part of a national brand like ours or HomeVestors - when you are READY for that.  

Knowing the court system in your state is extremely important.  

I amy be a bit biased, but after working with investors form all over the globe, the one thing I have learned is that the venture is largely hinged on the front end of the transaction that  utilizing a reliable higher local provider with sophisticated operations and systems not just plans of how they will help you acquire, repair and pas you along to a magnet company.

Perhaps they can find another deal just like this one and I can be on the short list to buy.Once you know how the system works, you can work the system.Good job!

I recall land selling for a few thousand a lot to land there being worth 6 figures now.  2020 W McLean is a knockdown asking 625,000. 

I'm curious to hear other's systems for marketing plans.I'm playing around with the idea of having a variable system based on quarter.I.E.

When we pay a sub we assign the invoice to an address. etc.with quickbooks, we get a p&L for each address worked on. we also get a p&L for each rental property. by using QB we track everything by category and by property.if you are asking now it is probably too late. if you don't have an accounting system already set up, why do you need one now. just keep track of whatever you can and keep moving forward.