Certainly learning a bit how to spot the for sure items like the '50s 8 inch square floor tile with the associated black mastic, the heating ducts covered in thin white "insulation" as well as attics with the vermiculite insulation gives you a running start by knowing you have to add funds to rehab budget.

I am a newbie in the Birmingham AL area looking for potential Investor Events or Real Estate Investor Associations in the area. 

There is a meeting tomorrow night of the Lexington Landlord Association.

It has taken a lot of pressure off moving forward knowing that I’m using someone that is recommended or related to my existing network of associates/friends.

I've also spoken to a mortgage broker friend that called the VA association and they state that VA appraisal is attached to that property for 6 months minimum.

@Shlomo Koheler I would use Janet Hocker at Hocker and Associates.

Get to know what locations and types of real estate interest you and build from there.I also highly recommend networking and going to group meetings.There are many Real Estate investment groups in Edmonton, the biggest is Edmonton Real Estate Investors Association Monthly Meetup, which is the second Wednesday of the month.  

The ones I know of so far are (please correct if wrong):5% TaxOption for the city to inspect for code complianceOption for city to inspect for food and safety complianceSomeone associated with the property must live within 50 miles of rental

Obviously I don't want multiple appraisals going on what with tenants in there right now and the costs associated.

J Scott breaks down Fixed Cost into 3 categoriesPurchase CostsHolding CostsSelling CostsHe continues further explaining the fees associated with each category:Purchase Cost:- Inspection Cost - Since I intend to wholesale future subject properties to rehabbers... should i consider the cost of inspection?