Homeowners pay the price (packing everything up, preparing to move,...) and are then stuck with their own house when they were depending on you following your word to actually buy their house.Wholesaling is legal (state dependent) but include "Being Ethical" in the business plan.

@Deep Johal my go-to REI CPA is @Phillip Weickert and your attorney needs will depend on the type of investing you're planning to do here.

Depending on the area, $48k can be a little steep for a 2 bedroom.  

I must respond with a hearty "it depends".Benefiting the IRA is not a per se PT. 

If I read this rightGross Income Reported is $81900Vacancy 5%GIR-Vac @ 5% is $77805NOI $55805From what I can calculate that works out to a 9.71% cap rateWhich puts the est Property Value at $541,867 That's not too far off which is good.With the 50% method and using 10% Vacancy Rate, it drops the value down to $357,862 Gross Income Reported $ 81,900 Vacancy 10% GIR -VAC $ 73,710 NOI $ 36,855 Listed Cap % 9.71 Est Prop Value $ 357,862 Now again my math may be off but I think that you should be somewhere between those 2 numbers on price and of course that will depend on a lot of other factors and how conservative or aggressive you want to be with your numbers. 

@Mike Easton it’ll depend on the seller.

"it depends." 

Purchase through wholesalers, fund via hard money or private money (an option once I had a track record), then refi in under 90 days.You will also need a trusted and dependable contractor, which is what a lot of us struggle with.

It will be dependent on your personal situation.

It depends on where you are, you could refinance and get more cash flow, you could hold and have it paid off sooner.