Thank you, I was thinking the same thing, just wanted confirmation from someone who is better.

They will see that they are better off staying put then moving on.If they decide to move on, then fine, if the gap is that large you should make up the difference fairly fast.

No professional is 'necessarily required' but it is normally a tradeoff between time saving, assurance that things are done correctly for a cost.For me, i can paint one of my rentals, but i decide my time is better spent elsewhere.Best of luck.

While I do like new build for new investors because you get a builder's warranty, better insurance, and first take of renters, you may have to overpay right now which could hamper the scale of your investment.

It's their property and they will be able to answer any specific questions you have much better than someone from Evolve that has never set foot in the property.

The seller has to sign cancellation docs and if they think wholesaler was screwing around with them like many wholesalers do.. they simply wont sign and your money is stuck and you would have to litigate it to get it back unless of course the wholesaler cuts you a check personally but I think before they would do that they simply go find another gator who does not know any better. 

As noted, good insurance is a far better liability protection than the LLC, but I find the LLC useful in keeping my books separate. 

Someone who works in that market is going to be in a better position to answer your questions about resale as well as fair market value.

Yeah, it’s as long and boring as a bad movie, but you got to sift through it—or better yet, get a lawyer who loves that kind of horror show.2.

Also IRS may not allow to convert the passive income to the Active income just transferring the rental Income from Schedule E to Schedule C, you'd better to have a LLC as the management.