That's the only way you will know if it's legal.In a true wholesale deal you are putting the property under contract, then either assigning your contract or double closing. 

You don't know, what you don't know.Bigger Pockets is a great place to find a tax accountant specializing in real estate taxation.

It does make me feel more comfortable as I know the are well as a Real Estate Agent.

I highly recommend a well-qualified REALTOR who works with investors and knows how to help you best.7.

Anyone know how to account for CapEx (setup as Asset accounts) expenses in the cashflow?

I think we have the best advantage because we are where many of the investors want to be and we can drive the neighborhoods ourselves and know where the transitioning areas are. 

Especially anywhere in California, and particularly Los Angeles county.Talk to longtime neighbors who might know story and whereabouts of owner, but don’t accept as fact.I’d start with researching who the record owner is.

Who knows if/when that will be finished.

Very few know what they are doing and can actually close on a loan.

Once you know what you want, you then know how to look.