Keep building these relationships with other like minded individuals, and if something sounds too good to be true, it probably is - run it by people you trust!

You may be able to find deals in areas that aren’t doing well, but if you can’t dispo them it won’t matterDiverse Pool of BuyersYou’ll mainly be selling to investors, but having a diverse buyer pool gives you more options in terms of exit strategyRegulatory Environment Low regulatory markets can help keep things simpleKeep in mind that regulations change quickly in many areas, so it's important to keep and eye on your markets for changeThings to consider; rules regarding holding a license as a wholesaler, probate laws/processes, STR rules, etcStrong Rental MarketThink from the end buyers POV.

I keep track of what I spend on materials pretty close, but I use excel.

We keep in a bank account an emergency fund of 3 months' expenses for all rentals.Financials: We currently own a primary and 2 LTR single families.

Cashflow is basically to keep the lights on while your equity is growing.

Often times when people put manufactured home on lots they sell the manufactured home itself but keep the land and rent the land to the home owner. 

Although when doing this in 08 to 2011  I was afraid to even look..And my banks had me on a very short leash I had to provide financial every 90 days if I wanted to keep my large lines of credit.

In fact your agent is required by the Code of Ethics SOP 1-13 to tell you that the seller and listing agent will not keep the terms of your offer confidential.

and keep the loan in his personal name as some do?

Better yet, have an attorney draw it up since he will know what questions to ask you two. commissions are earned and should never be put back into the project your partner will owe personal income tax on it.. if you want to get a credit for it.. you have the seller lower the price by the commission that is how you handle that.. if its to late then its his money and he should pay tax on it and keep the rest.