Quick one,I understand profits from wholesaling activities are tax as ordinary income; but, is there a way to minimized the taxes that one needs to pay from money earned in wholesaling?

Delayed Financing is the only way to get it done with Fannie from 5 on.

Then, on the expense side - put in the minimal payment for the HELOC (P+I). 

@Stefanie Willie-Bonglo  well if they don't report to the fico folks... and they are offering Unsecured loans.. to folks just starting out with minimal assets and cash reserves ( not suggesting that's you or your family) ..

School was the main reason that I chose to delay my investing career.

Well, she does not know our laws so what if she gets the forms wrong and delays the closing even more.

I learned a few things while going through this process that I will keep in mind for future deals (much easier to get cosmetic repairs done with minimal surprises vs the bigger repairs due to being stationed overseas with the Military).  

Has minimal competition How did you find this deal and how did you negotiate it?

I never worn the landlord hat and have no experience with what this transition would be like.I am definitely okay with taking a hit on earnings to reduce stress for myself and minimize problems.

In today’s COVID environment I’m really looking to minimize risk and I would much rather have an empty house not generating income than an occupied house costing me money to get it back.