The biggest issue with investing in SFHs, aside from a adjustment in the market stealing your equity, is that very few SFH investors accurately estimate expenses.

A simple one page (or one line) lease addendum, or a pen and ink change initialed by all parties, adjusting the start date of the lease is all you need.

Also trying to find what best books to read on the subject and adjusting my work schedule to attend any near by REIA meetings.Really interested in learning wholesaling and then gradually moving into to rehabbing and owning rental properties.

Hopefully, that's a good sign, as market participants won't have to adjust to new rules.

It's been somewhat intense getting started on the first flip, but I'm sure that is normal and to be expected.

In most cases with this type of appraisal, investors will pay a bit extra to have a real human being look at the results the algorithm has generated and make adjustments so that the comps would be more representative of the subject property, if possible. 

There's nothing wrong with the way you're doing it, it's just more time & labor intensive and expensive for everyone - and risks some applicants just going somewhere else.

Most folks will try to match their adjusted cost basis with the sale portion allocated to the FFE of the business so there is little or no depreciation recapture for the FFE.Whatever allocations for good will and FFE you end up with can be used to pay off those pesky personal bills. 

So bottom line its investors falling on their knives not realizing how management intensive this asset class is.. 

I’ve been educating myself intensely for the past 2 weeks.