This subject has been beat to heck so I'm just going to link to the other threads which are really helpful. https://www.biggerpockets.com/forums/547/topics/672453-arkansas-real-estate-commission-views-on-wholesaling-in-arkansashttps://www.biggerpockets.com/forums/48/topics/403399-arkansas-is-trying-to-make-wholesaling-illegal@Randy Thomason and @Mark Rogers are both well versed in this area and can most likely answer any specific questions you might have. 

Even you calculate the depreciation expense by yourself, accountants usually calculate it by themselves to make sure that the numbers are correct as depreciation expense is one of the biggest and most important element of your tax filing for your real estate property.If you like to take a look at the actual IRS guidance, here is the link. 

If you have a good realtor with a contractor link,  have them go with the realtor on a viewing and give you a conservative proce quote to fix things. 

Hey @Matthew Charron --  For a general overview use this link: https://www.nolo.com/legal-encyclopedia/overview-landlord-tenant-laws-florida.html and then dive into the statutes: http://www.leg.state.fl.us/statutes/index.cfm?

Robert Adams - just curious why you would use 2008 "Peak Prices" as a measurement when those prices were completely artificially inflated.

@Brent Coombs I only meant that as a way of trying to inflate the price I can pay to lock in a deal, but as Sam and Steven pointed out, the likelihood of getting an owner to carry a 30 year note is slim.  

You can surely go through the "Education" tab under your account's main page that has some valuable links.

^Not sure how you mention/link the username.

You can watch the about Community - Network Events link above to see where we will hold the next meeting.

If you were in a large market that were/are significantly inflated, then a 20% equity position might still be very risky as prices could drop 50%.As far as tax consequences of paying interest, of course you don't want to spend money on interest simply for the tax deduction.