You're putting the cart before the horse.

WE ARE NOT ACCOUNTANTS, so any discussion about our tax strategy on this one is based on guidance that we have received for ourselves – we strongly suggest that if you are interested in understanding these strategies that you consult with an accountant.Issues: we did not understand the financing structure for this transaction, our purchase price was $60,000 and our lender agreed to finance 100% of our renovation, but in order to do so they increased the amount of cash we had to put into the deal from $30,000 to $44,000… Normally this would not be a problem BUT since we purchased 44 Blanchard St. all cash, we definitely felt cash flow pressure.

Purchase price: $163,000 Cash invested: $32,600 Sale price: $199,000 SFH - Splity foyer - 4bed 2 bath 3 stall garage.

Middle units have 1 stall garage, end units have 2 stall garage and storage sheds in the back yard.

Here is an interesting article from the horse’s mouth on this topic:https://www.stlouisfed.org/publications/housing-market-perspectives/2020/storm-clouds-approaching-housing-market

If you want to master these 2, study these 2, wholesaling is simply when you apply these skill to real estate for the purpose of "horse trading".

It's and easy monolithic metric to compare your apple to my horse.  

Also Worc multis tend to still have knob and tube electrical, horse hair walls and lead plumbing.

Asbestos and horse hair used to be put into plaster to stop it from cracking.Dealing with asbestos is much worse that dealing with mold.

Inconsistent information and documentation and the owner(s) stalling responses or being inconsistent in their responses would be a reason to walk away in my view.