Wholesaling has tons of pros but also a few cons, so I am not sure I want to start in that area just yet, until I get the legal part situated.

@Truong Tran,You cannot sell anything you do not legally own.Even on a sub-lease, you cannot offer a sub-lessor any greater interest in the property than you currently have. 

Hi all - looking at purchasing a home needing a good bit of interior remodeling. Could anyone refer me to a good and reliable contractor in the Mclean and Falls Church Virginia area? I am new on BP and to real estat...

You'll want to find a broker who is willing to work with you on contract/transaction questions you might have as you get started, so make sure to ask some questions as you chat with those groups about the help they offer a new person. 

First how is the job market area and will lets say a professional will be just be there for short contract time.IE a professor with out tenor at the university may rent because work my take him or her elsewhere and they do not want to wait for a home to sell.

Get their info and possibly do some business with them in the future.My intentions for RE investing right now is to assign contracts.

Instead, CONTRACT with a PM and you shed this issue passing it on to them.

the necessary repairs are as follows:  water heater missing, furnace looks old. paint all rooms, new flooring needed in most rooms, ( something i can do myself), recondition kitchen, replace entry doors. the house already has a newer roof and newer vinyl siding, virtually no work necessary on the outside. given my rehab skills, nothing will need to be contracted out, so i am able to save a tremendous amount of money on the rehab, which is why the following rehab number is so low.

We have modeled our business after his. 11/1/15 was our closing  380 San Felipe rdWe got it under contract at 117k Sold to investor for 121kNetted with commission 6kThis home sold in May 2016 for 178k

Talk to your RE Attorney to see if there is a legal way to do a Sub2 (or master lease, or wrap, or whatever) in your state.The $1,000+ number that "includes everything" would just be PITI, correct?