I will take the larger % gain, in a stable market, over the smaller gain in the 'high dollar' market.

Do you mind sharing which books on wholesaling you've read that have been most valuable?

I work probate and vacant properties but my question is, how are you gaining access to these other ones?

The seller will report a portion of the buyer's payments as a return of basis, a portion as taxable profit (capital gain), and a portion as interest income.If the seller owned the property free and clear.

Subsequently, I'm trying to develop a strategy, where I can gain a monthly cash flow on the mtg. pmt WITHOUT the risk.

I think the search feature is one of the most valuable tools on BP.

I want the IRS to treat this as a clear sale now so I avoid capital gains entirely.

Other than that, I've never stored any personal property at my rental properties that I felt was valuable enough to insure.Whether to carry Loss of Rents coverage is another business decision.

Even my half-senial great grandma knows land is valuable.

Jon has been a member of BiggerPockets for almost 4 years now, and has posted some incredibly valuable feedback over his 3,200+ posts on the site.