If this meets our criteria we will pull the trigger.If you are looking at it as a rental, be sure to crunch all your numbers to make sure it will cash flow.I know this sounds obvious but putting together spread sheets on all aspects will keep you from a ready fire aim situation.

It's always worth hiring a CPA to confirm you're getting the tax treatment you're aiming for based on all of your specific facts.

My wife and I are new to wholesaling and I being very process oriented want to establish a system in which we can measure our successes and failures.  

@Jesse LeBlanc I need to measure to see where I am, gonna be close.

I went over today and measured and checked the date on the furnace .  

And while I believe I have found an accurate measure, it is never the end-all figure.It is even more difficult to estimate repair costs and ongoing maintenance with multifamily properties.  

A good portfolio is never measure by unit count, but rather by the cash flow it generates.

AIM Loan (aimloan.com) has been great!

For example, when our maintenance guys recently discovered dog urine on a tenant's carpet, we issued a $25 lease violation and required them to clean it up.That said I don't know the laws in Virginia and your lease may or may not allow for such measures.

I am 48 years old and still looking towards the finishline that seems much to far away if more focused measures arent taken.