It's actually her mom's money, but for that bank, that's seasoned funds with my wifes's on it.

There's no perfect answer, because it will vary widely by location and the actual property. 16%-18% pre-tax profit (of sales price) is a pretty good rule of thumb.

Oakland is large but traversing it is actually pretty quick.Feel free to reach out if you'd like to grab a drink or chat.  

I know the thing that sold me was actually driving around and realizing that the areas I was looking at were much nicer than I expected.  

@Jake ValkuskyThis is actually a complicated question.

I understand liability, but when it comes to the actual property it seems to be that making a claim is a long shot, the deductible is usually large enough to cover repairs due to problems that nature occurs.

Everything I found actually showed it was a significant cost.

I actually do have questions about wholesaling.  

The LLC (being taxed as a partnership), will report the property's gain on its LLC tax return and will issue Schedule K-1's to each partner/member reflecting each partner/member's allocable share of the property's gain.The LLC (again taxed as a partnership), will not actually pay any tax, the LLC partners/members will actually pay the tax on the property gain at their reporting level based upon what was reported to them on their respective K-1's.

Redfin seems pretty good actually.