So you want to put the equivalent of (4) full size beds in that room? 

As a wholesaler is it any verbiage that you guys could recommend that I put in the contract so that if I get a big assignment, I don’t have to ask the sellers to approve it.

Hello, Bigger Pockets this is my first post so not sure if y'all would respond but I have a couple of questions on my first rental property I'm 24 with my own business that trying to build a REP. this may be a long post sorry                    (side note I'm doing a BRRR without the major renovations i will maybe possibly do a kitchen but its basically turn-key sorry if in the wrong forum) I have about 70k and I am willing to put up to 50k(20%) on a 250k house and have the other 20k as reserves. 

You will be able to exit that property and pull some cash out to put down on another property.Few things you can do to ensure you can refinance the first home like buying an older home.

We have a $500k HELOC currently @ 9% we haven't used. we recently renovated and expanded this house so our basis is prob $1.5M so we're hitting the home exclusion cap.Potential to buy a new home in town (kids still need 4 more yrs before going to college) for $1.2M with some work needed and potential to expand a bit.Thinking we should sell home, take $500k tax free, put down 20% on new home so paying more in total mnthly payments but mainly in interest.

Be prepared to demonstrate what you've learned and how hard you will work to put their advice to work.

Most people who wholesale land whole-tail it, meaning they close it on themselves (with their own money or someone else's) and then they put it on the MLS, since finding buyers for land can be like trying to find a needle in a haystack. 

There’s no secret formula out there, you will find it near impossible to cash flow with these rates almost anywhere in the greater dmv, you can put more down, you can eat negative cash flow, you can invest in another market (I like the eastern shore, though even there you are probably breaking even at best) or you can put your money in a different asset class, the market decides your return’s for the most part, not you. 

The best thing you can do for yourself (and most brokerages may actually require this, I'm sure it varies by state), is to shadow another agent and put yourself in a position where you can learn as an assistant.  

(pro tip - asking tenants questions about the place is a great way to gauge the problems of the home and a good perspective on how it might be dealing with that tenant)You'll be happy you put the home on the market vacant than trying to schedule appointments and dealing with a tenant.