And one trip under the steamroller can wipe out many years worth of found nickels.In other words, always be thinking how to minimize the risk of investing, as well as the rest of your life.

So, @Wayne Brooks , if bought the mortgage and note for $65k and you sent the minimal bid to auction at the $200k (judgement) and nobody purchased the property at auction.

There are plenty of posts here on BP on how to accomplish subject-to and minimize the chance of acceleration.

Same housing stock, rising prices, lots of dumpsters in the front yards, minimal days on market.

@Jeremy CooperThe best person to ask is a CPA or Bill Exeter who is the exchange expert on BP.The rule of thumb for 1031 exchanges are "like kind" since real property and stocks & bonds are not "like kind" you are most likely not able to do a direct exchange.The only other strategies I have seen used to minimize capital gains are using an installment sale.For High Net Worth clients, there is the 1031/721 exchange into an upREIT.

Since I'm starting out with minimal cash, I'm looking to start with wholesaling.

The car had no value above scrap value and it's not worth going through a bunch of paperwork and time for a minimal gain.

Personally I first focused on SFH to rent and hold, then on some flips with minimal rehab and one commercial in the mix.

But @Holly Nunya is hardly the first person to try wholesaling with minimal background.

If you are only interested in a few zip codes, it will be a short list so mailing cost will be negligible.You are a cash buyer, so if you find a seller that is interested in quick closing with minimal contingencies, you should get a nice discount and increase your CAP.