I'm not setting out to help this guy out in every way possible.

You and your seller will set a closing date when you sign the contract. 

Wondering if anybody had any feedback from the data sets available.

As for it being my first project and being a big one at that, I might be setting myself up for something bad or something good.

But only after the financial infrastructure to support a flip is set up.

Hi Amiris,Thanks for your comment.We launched like 2 weeks ago with a half A$$ed website and ZERO marketing and already recruited 7 agents.I have had VC's throwing money at me like crazy but we are looking at bootstrapping for now until we prove the concept and maybe raise money on our terms.Looking at including all of these things in our online platform:Live support, training and “How To” video’s, various marketing templates, a CRM database management software, a DIY social media account set up, a DIY personal website set up, create own Dotloop signature tool, online continual education courses and a full blown real estate library of videos, tips, webinars, courses, etc..I'm super excited about this mate and believe it to be the new revolution of real estate brokerages Thanks again

Sounds like it can set you up for future cashflow, as well, if you move on to your next house and rent out the basement.

What are the other things to do, or steps to take to set yourself up for success and make sure you have a true understanding of the market.FYI: I'm probably going to start wholsaling first because of my limited capital.

I'm not sure about the exporting feature to TT, but I do know that with a QB account, you could potentially set it up in a way in which the your chart of accounts corresponds to the various field on your tax return.

As far as labor, Set milestones for your project and at the successful completion of a milestone that portion of the payment could be made.