This is why landlords should not deal with tenants without first studying the regulations in advance.

https://turbotax.intuit.com/tax-tips/estates/the-g...You definitely need to consult an accountant.  100%.  

I am a new investor in the Tulsa, Oklahoma Market and I have been studying real estate for about 6 months now.

A contractor may do it, but expect to either pay for their time, or have them flat out say no, due to the fact you are wholesaling and won't even be purchasing the house.Also don't forget to account for all holding costs, lending costs,closing costs, etc when you tell your buyers about the "profit".

If you have debt, try to pay more than the minimum payment - even a small amount can have an impact.Don't close any credit card accounts - part of your score involves how much credit is available to you.   

If you believe that things are as they always will be, (first you should look at the past and see if that is a reasonable assessment of what the future brings) then taking into account: limitations on what you can invest in, your Solo 401(k) "projected" growth, fees & hidden fees, you can't co-mingle funds, you have to carefully manage the process, future tax increases, tax law changes, a national debt that is north of $22 Trillion dollars, unfunded liabilities and and of course inflation, along with possible "bail ins" then you are well equipped to decide if that is a good choice for your style of investing.However, If you are an "opportunistic investor" . . . . you jump at the opportunity when it arises, then you run into some conflicts.

@Jarrod Covey Account Closed Thank you all.  

But if I can come close and still account for the 10% + or -, I should be good to go?

Hello BP community,I have been doing a lot of studying via podcasts, youtube, BP and books for the past 2-3 months.

Multiple changes to the price and adding myself to the loan after my brother did not have enough in his accounts was challenging and ate up allot of unnecessary time.