If not, any other pitfalls I should be aware of?  

I am aware that with this, I will have to pay capital gains tax on the portion of the home that I rented out when I go to sell, while the portion of the home that served as my primary residence is excluded from that. 

Be aware that sometimes they will try to give you the list that is going to auction.  

In that article, I briefly outline the major benefits (commissions, MLS Access, extra buyers, extra leads, and "pocket deals" that are unavailable to the general public) as well as the awarenesses you must possess (agency, disclosure, comparable values, as well as the use of State contracts and not those BS contracts Wholesalers typically use).If you are looking for the Internet's ONLY source of "Realtor® Specific" information with regards to Investing (particularly as it relates to Wholesaling) then you need to check out the blog at TenMinuteSkill and The Red Pill Investor Podcast. 

I wasn't aware of that.

But you'll save a ton of MI on a $400,000 home.There are no 80/15/5 programs that I'm aware of.

I guess not many people are aware of it.

I wasn't aware of that.

I am also aware of that 2 year window where they don't count my rental income in my debt to income ratio until two years from when I started claiming rental income.I've made 50k 70k and 63k in the last three years, I am in a tipped industry (poker dealer) but all of my income is claimed.

In our conversation, I mentioned to him that I am aware of private individuals that loan money to rehabbers, builders, and private lenders on bigger pockets.