It was a struggle that opened my eyes and allowed me to realize that I needed to do something to make sure my family, loved ones and I didn’t have to work so hard for nothing in the end.

Regarding tax implications, If you buy it for say $1 then just realize that is your basis and whenever you sell it you are gonna get whacked on taxes.

For every newbie wholesaler who does 1-2 deals, there are 100 or more who spend their last dime on one month of marketing and don't realize how long it takes to get deals done. 95% of wholesalers are focused on the check and not the client so they aren't solution-oriented and miss the mark every day.

You will essentially be buying a pad site so you would have to build new.Also realize what you will pay to insure that in the future as part of your costs

He got short term debt and bought at too low of a cap rate and the market shifted; I wasn't too savvy enough at the time to realize the danger. 

Right then and there he realized all bills paid was not only an economic burden but it did not put the incentive in the right place, w/the user and was not good for the environment.  

When I realized that I pivoted to a direct mail campaign to try and develop my own flip leads or start wholesaling.

I believe we will have to get the tenants on new contracts.I haven't been to the area, but I did decide to put full trust into my mentor and the #s still cash flow, although I'm putting in more significant starting cash than I had ever planned on.I'm fortunate to have a decent W-2, and going forward I realize I really have to take full responsibility for the loan and be my own best advocate for the interest rate.  

With the luck of the market, I benefited and realized that real estate is what I would like to do long term.

I know it’s a slim chance but any chance not taken will never be realized.