And while it looks pretty good and much improved, there is more than a few pieces of evidence that it was flipped quickly/a little carelessly (we knew this going in from the home inspection, but its a huge sellers market and were willing to take the risk and additional work ourselves).

Just my $0.02 and perhaps someone closer to the top can put a bug in the man's ear.

I mean I can see the appeal of owning one free and clear (and can think of a couple of reasons) but if it can't be done at the moment it can't be done.Not sure who you are getting the loan from but you might want to be sure that if you pay down a chunk (or want to sell off one of them after a while) you can get a partial release to free up that piece. 

The last piece is knowing your market.

@James Kojo, I have made some calculators based on the formulas I found from BP and else where, you are totally right, I am looking to get all the different pieces like all the various expenses and how mucg to estimate and put it together in a format, that will be convenient for me to use.

I would need to find the piece of paper he wrote down, but  a few are1.

While real estate doesn’t have to be rocket science, neither is it necessarily true that even an experienced investor can take ownership of a piece of property without needing to wade through negotiations and the finer points of the deal.Some deals, however, are inherently simpler; skipping the need to come to terms on things that might be fixed or improved or covered by the seller before the buyer takes possession.

hi takeshia from " elvis country"....lol. wholesaling is a good part of the flipping houses and RE world. however, each state has its laws regarding wholesaling. i would tend to believe a real estate attorney from the area on his or her opinion. i wouldn't say something is illegal if you can get a license to do it, its just illegal to not have the license. then we get into the gray area of exactly what wholesaling is. if you find a seller, and put them in touch with a buyer for their house, you are acting as an agent. without a license, that is illegal. but, if you find a seller, YOU get the house under contract to buy, and put in the contract your right to reassign the contract, that is wholesaling and might NOT be illegal. in that case, you are not acting as an agent because you are not bringing two parties together. you are actually contracting to buy an item, but then exercising your right to sell that contract which does have monetary value. just like a corporation creates a stock certificate and sells it on the stock market, it is just a piece of paper with monetary value that you are selling. please check with at least one other real estate lawyer and explain the process completely. show them how you would not be acting as an agent between buyer and seller but as an actual purchaser looking to sell the asset you have created. that may make the difference. 

Hi all -Came across a piece of vacant land with a trailer that a tree recently fell through.

I am just at loss on figuring out how to put all the pieces together.