I talked about this in my blog post US Cities for Turnkey InvestmentI would consider cities that have grown or stayed stable at least, to avoid pressure stock of vacant houses hanging on that rental market.

But only after the financial infrastructure to support a flip is set up.

Hi Amiris,Thanks for your comment.We launched like 2 weeks ago with a half A$$ed website and ZERO marketing and already recruited 7 agents.I have had VC's throwing money at me like crazy but we are looking at bootstrapping for now until we prove the concept and maybe raise money on our terms.Looking at including all of these things in our online platform:Live support, training and “How To” video’s, various marketing templates, a CRM database management software, a DIY social media account set up, a DIY personal website set up, create own Dotloop signature tool, online continual education courses and a full blown real estate library of videos, tips, webinars, courses, etc..I'm super excited about this mate and believe it to be the new revolution of real estate brokerages Thanks again

Sounds like it can set you up for future cashflow, as well, if you move on to your next house and rent out the basement.

What are the other things to do, or steps to take to set yourself up for success and make sure you have a true understanding of the market.FYI: I'm probably going to start wholsaling first because of my limited capital.

I'm not sure about the exporting feature to TT, but I do know that with a QB account, you could potentially set it up in a way in which the your chart of accounts corresponds to the various field on your tax return.

There is some time pressure, for me and for the lien holder, because the home is currently in foreclosure.My Questions:How can I go about getting these liens removed?

I am not able to get the water turned on for my own inspection so I was wanting to see if other investors would Plumbing: "water lines tested and would not hold pressure, the main line from the tank is malfunctioning and allow air to escape."

As far as labor, Set milestones for your project and at the successful completion of a milestone that portion of the payment could be made.  

@Hari Mann   @Eddy Dumire   I got licensed recently and I am taking some time to set a foundation for generating business, before I go out there and start flailing around like I see some new licensees doing.