I know there’s a guy named John Fedro who had (has-don’t know) a course for how to provide owner financing and I believe had a way to do it legally.

Real estate agents are usually not also licensed contractors who can provide that information, so unless yours is, he should not be stating everything is in good working condition unless he can provide you with a professional report supporting that.

There shouldn't be double taxation because rental real estate normally operates at a tax loss.The potential time that there will be a tax consideration is when you sell the property.However, your resident state(MN) will provide you a credit for taxes you pay to a different state.This will avoid double state taxation.In general, California state taxes are higher than Minnesota state taxes, therefore, you will be paying the higher of the two state tax rates, which is California.

Hey Christopher,I provide EMD and Double closing funds for Wholesalers.

Bank Statements: Reviewing bank statements can provide additional evidence of consistent income and display how much cash they have in reserve. 

Quote from @Daniel Wilson: Hey all,My name is Daniel and I am looking to get into the real estate game.

If it means being able to provide a home for my parents to live so they didn’t have to live on the streets then yes I would be buying this house again.   

What are good Internet speeds for a STR that will have a few (3ish) TVs and one gaming console.Thanks in advance,Aaron

I often provide a sheet of costs for certain cleaning/replacement items that will be assessed if they have to be dealt with at move out- Leave out that its making showing hard..... they dont care.

Then they use absolute garbage exterior wall sheathing, which provides zero stability and deteriorates over time.