You can either continue the depreciation schedule from the property sold, and create a new fixed asset for the additional amount invested to obtain the property (Two Depreciation method), or you can opt to treat the new asset as one asset (Single Depreciation Method).

Using the enemy method, you can very quickly identify the top properties in your target market and then replicate if not improving upon their listing when you go live!

Trying to contact them through all methods of communication is the first step - call, text, email, knock on the door, etc.

I'm not familiar with Wisconsin laws but selling or assigning a contract is only one method of wholesaling. 

Do you have a particular formula or method you rely on to make sure the numbers add up?

Anyway I thought I would share with you my method of contract reading because it might help you in the future.

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.

I've done the single family method and it was too slow for me and just ate up too much time, although I learned a ton.

As I said before I do not disagree with advice like paying down “bad” debt; however, he seems to not like debt in and of itself which in my opinion runs counter to what many on BP and other forums would view as a useful and often necessary tool and method for accumulating wealth in real estate.  

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.