For some people taking the quick forced appreciation and rolling those gains into more forced appreciation until there are pockets of cash that can be set to the side for long term cash flow (as well as many other benefits like amortization, irs depreciation, economic appreciation, inflation etc).

Almost every expert is saying that the market is not slowing down in Austin for the foreseeable future!

Avoid the newbies even though they have slick marketing pieces.Avoid listening to people who have a ton of book knowledge but have not done a single deal yet but frequently post on forums like they are an expert.

As a newbie, I did connect a lot of financial dots from my financial planning, economics and other experiences.

Align yourself with experts in whichever market you plan on investing in and get your first few deals in. 

I'm no expert, but the interior repairs look to be quite a bit less than 25-30k, right?

During that inspection period (not a weasel clause, this is standard in Texas with a small option fee), I have a contractor and/or other experts (if I suspect foundation or other special issues) fully evaluate the property. 

You need to find an expert in that specific software and who knows you industry and get your books analysed every month or quarter, THEN you take the same to the accountant.I would like to hear from others for questions to ask your CPA as well.Gita Faust - Certified QuickBooks Consulant since 2009

I've heard about virtual wholesaling but am far from an expert on it. 

From the business side, I think the best thing you can do is to be an expert in the area/market you are targeting.