After speaking with the contractor, he said the bubbles are normal and they should go away with time. 

Experience - always a plus - if you don't have it - have people on your team that do have it and can speak intelligently about the deal - contractor, agent, take out lender, mentor, etc.Exit Strategy - a clear exit strategy - if flipping - how long to complete repairs and relist, estimated time to contract/ days on market, plan if no offers at asking price. if a Refinance - who is the lender, have they done like transactions, have they looked at your full file or just approved you based on an initial conversation. 5+ units - how long does the asset need to be stabilized before refinance can be done?

Also, regarding legal issues about wholesaling, I can point you to another BiggerPockets post pointing to a Blog by highly respected attorney Jeff Watson, who speaks with two members of the Ohio State Board of Commerce - Real Estate Division where the regulators clearly state what is and what isn't legal regarding Wholesaling. https://www.biggerpockets.com/forums/93/topics/193...Look at Marketing No Nos

Brian is correct in that if your IRA funds a RE purchase, you cannot funnel any of the proceeds to yourself personally.However, if you co-invest personal funds with your IRA funds as tenants-in-common, you are entitled to your share of the income, based on your percentage of personal ownership.  

Hi Everyone,I had to jump through some hoops to get it, speaking with several "naysayers" in my county assessor office along the way -- they call it the "rule of five," I hear.Anyways, I was finally able to obtain the data I was looking for.

I would recommend speaking to an attorney, but listen to podcast 109, lots of good info in there.

:-)No real appreciation in 2 months though...When I speak or teach or mentor my students, I always talk about taking action quickly, do your analysis in minutes, do due diligence after you put your offer in, but still, people are taking their time, again and again to find the perfect deal.... and get nothing...  

By the way, do you speak Spanish?

Basically I sound southern but speak very fast.

I am also assuming that the utilities they are speaking of is water/sewer.