Secondly, you must be so very careful as to not perform a prohibited transaction or involve a disqualified party.

Just make sure that if the house is not 100% FINISHED, and all boo boos repaired, that there's plenty of $$ placed in escrow to finish it.We just looked at a place that was about 35% BELOW MARKET on a price per square foot basis.

The next advice I would need is, what kind of professional should I get involved in with closing the deal?

Instead of trying to patch in similar Heart-of-pine strips, I usually cut out an even square or rectangle , the width of the hallway, and fill in with marble tile.

Also before all else, understand the wholesale process and real estate basics which is square 1.

I think with a baby they would be over the square foot limit so look into that now.

Now, if you market to agents on the basis on general legal services, I know a couple agents who were involved in that, but they didn't cross into areas of RE.And, as to clients of an RE agent, unless your client is a personal friend, clients expect a degree of professional conduct, not to be solicited for other services, do you want to project your expertise in RE or be seen as one who does all kinds of things because you're not that great at any of your chosen fields.

Everyone thinks it's from the corner, but we dropped a pump in the square hole to empty the basement ...

Finally, you weigh the potential profit in each scenario with the amount of work/risk involved, and decide what the optimal rehab scenario is.In reality, you should be running dozens of potential scenarios (not just four), but you get the idea...

When we are involved with portfolio trading in stocks, we SOMETIMES use S&P futures to hedge PART of our positions.