When everything was said and done, we walked away with $50K in profit.The Key Takeaway for WholesalersMost wholesalers would have completely ignored this deal because it wasn’t assignable at a high spread.

If you guys can just give me a week or so ( wife and I just had baby #2 ), I will set up a virtual meet up and look into doing one in person about a month out from now.

Current tenants have no motivation to show the property, or to make sure that it’s clean and ready to be shown.

Thanks for taking a look.Yes.

So we would have to get a loan, pay off the seller and transfer title and then wait the seasoning period before doing a refi unless there is a bank out there that will treat it as a refi off the bat

These are things at the high level I want to be looking at for all my real estate purchases. 

Quote from @Mike Hern: question is, since you have to take the depreciation, and recapture at sale - what's the point?

Others either have a check sent right to them or have another piece of property the get this STAR rebate for.

If you have an issue, it gets costly quickly. 

As you read these books, watch the BiggerPockets podcasts.