Don't think there is no competition in small towns.Larger cities will have more people involved in RE, the competition may be more sophisticated, bigger players, more inventory but more feeding off it too.Smaller towns usually have slower turn over, a property that's difficult to sell is easier to buy.

I am more involved in new construction, and don't invest in fourplexes, etc.

I have no idea what other costs are involved with this deal.

I think that the core strategy for setting up my financial house involves establishing relationships with three key people: (1) an estate/tax attorney, (2) a financial planner, and (3) a CPA.My intuition is that I should probably talk to those three in that order (lawyer, CFP, CPA).

Remember, Wholesaling is all about creating a winning deal for all involved.

I appreciate it, lifts some of the worry off.Anywho, the renovation is mostly cosmetic.For reference its a 1250 square foot house.

Hey Kyle - Have you checked out Square (https://squareup.com) 2.75% per swipe?

Here we advertise basement square footage as part of the house, but other states are different.

If you read the square foot allowance in the federal law and your local regs, you'll probably find that your house is twice the minimum space required.

Are you involved in aviation as well?