I think that’s where you are getting confused.Also, not sure how sustainable/reliable this strategy is - relying on accelerated depreciation in the next deal to offset the gains from the exiting deal.

I feel like I understand the beginning steps to wholesaling (driving for dollars, direct mail marketing, etc.) and grasping how to find a buyer (find a good deal, and a buyer will come).

You have to drive to get anywhere in DFW.

With my current real estate agent and my driving local neighborhoods I stumbled across a family in NE that was looking to sell their 3 family home and had a realtor that had not posted it on the MLS - luckily my RE agent knew their agent and facilitated the deal before posting on MLS and I purchased at a low rate (considering).With all that being said, the area is expensive, you have to know what you want : meaning : property type,location( so KEY), price range, condition and profitability.

If so, what drives you to be the GC?

When you feel you’re ready start with driving for dollars, it’s the most cost effective way to find your first deal.

It will not only map the properties for you it can also map out the most efficient driving route. 

Question becomes, why are you driving a car and not biking to work you gas guzzler??

You could keep them on your computer, backed up on an external hard drive or cd/dvd/flashdrive. 

I am hoping for no foundation issues and am planning on driving up to take a look at the house this week or weekend at the latest.