TO wholesale you need 1) the money to find the deal - this can mainly be your hard work with little cost.

Contrary to popular belief, being labeled a "dealer" doesn't mean that all your properties are subject to ordinary income; likewise, not being labeled a dealer doesn't mean that all of your properties are subject to capital gains.Each property will need to stand on its own merits, and the determination of whether a particular property should be taxed as ordinary income or capital gains will be made based on the intent of the transaction, not a "dealer" label applied to a business or individual.That said, if you are labeled a "dealer," you may find that you have a higher bar set for declaring one of your properties to be an investment as opposed to inventory.

Everyone I speak to is extremely excited to see the property, mainly because of the unique amenities like exposed beams.Roof hasn't been checked out yet...

You are not clear in your intentions.

As of now I'd like to stay away from Guru's but am open to any courses, classes or books that deal with short sales, I'm considering taking a pre-license real estate course in Colorado mainly for educational purposes vs. becoming an actual real estate agent (any thoughts on this idea??).

The main problem for the nearly the past year has been hedge funds snapping up a bunch of properties at the auctions AT FULL RETAIL PRICE.Decent rentals can be found in the MLS still here.

I think I know how to beat him in the long run though.I haven't been able to see this house in person right away as I have a very busy life right now (mainly I got a new job as an auditor of a delivery company!

http://www.biggerpockets.com/files/user/REISkills there are free files for a coop lease option.I start with the letter of intent with the seller.Hope those help!

Having NCND's and other provisions in the contracts will show the INTENT of the buyer.If they plan any funny business you will know it from their objections to signing your protection provisions.It's better to know how they will act upfront and not do business with them then to learn this on a deal and lose out.

I've never heard the burnout statistics for real estate agents before--what are the main causes of burnout in your opinion?