You will need:A Real Estate AgentBuyersTitle AgentAttorneyWholesalersIf these listed points are carefully taken into consideration, there is a big chance of success in wholesaling.Once you’re the middle man in real estate, beware the traps that could trip you up and cost big. 

Dont get trapped in analysis paralysis.

We would love to get some thoughts on areas to look at, realtor suggestions and tips and traps for the local market.

Maybe someone can refer me to a reputable contractor or someone knows whether this is a trap cause it’s not doable but here is my thought process:2 family house with a finished basement, accessible from the outside (don’t know why this isn’t considered a separate apartment) and from the looks of it each apartment is accessible through stairs which is a common area, which leads to the attic.

Our tenants felt trapped because they could not afford to move out and we did not have the money to remodel.

Credit cards are a huge trap too.

They find their way under the roof and will raise a family there to your tenant's annoyance as they will make a lot of noises (especially in the middle of the night when everything is quiet) Step (1) Get traps laid. in the attic for 2-3 weeks atleast  Step (2) Seal and caulk all openings

The floor area for an accessory dwelling unit shall not exceed 30 percent of the residential floor area of the primary dwelling or 600 square feet, whichever is less, and minimum area of 150 square feet, or as specified in Section 17958.1 of the California Health and Safety Code.6.

The FHA says that examples of such problems include but are not limited to the following: Missing handrailsCracked or damaged exit doors that are otherwise operableCracked window glassDefective paint surfaces in homes constructed post-1978 (because of lead paint hazards)Minor plumbing leaks (such as dripping faucets)Defective floor finishes or coverings (worn through the finish, badly soiled carpeting)Evidence of previous (non-active) wood-destroying insect/organism damage where there is no evidence of unrepaired structural damageRotten or worn-out counter topsDamaged plaster, sheetrock or other wall and ceiling materials in homes constructed post-1978Poor workmanshipTrip hazards (cracked or partially heaving sidewalks, poorly installed carpeting)Crawl spaces with debris and trashLack of an all-weather driveway surface=================There are many areas, however, where the FHA does require problems to be remedied in order for the sale to close.Electrical and Heating The electrical box should not have any frayed or exposed wires.All habitable rooms must have a functioning heat source (except in a few select cities with mild winters).Roofs and Attics The roofing must keep moisture out.The roofing must be expected to last for at least two more years.The appraiser must inspect the attic for evidence of possible roof problems.The roof cannot have more than three layers of roofing.If the inspection reveals the need for roof repairs and the roof already has three or more layers of roofing, the FHA requires a new roof.Water HeatersThe water heater must meet local building codes and must convey with the property.Hazards and NuisancesA number of conditions fall under this category.

Those funds will be trapped in that plan until such time as you change jobs or continue working with that employer past age 59 1/2.A self-directed IRA allow for retirement savings to be invested more broadly than just the stock market, but it does not sound as if you would have the ability to move funds to such a plan.