It sounds like a good opportunity - but before you pull the trigger, you need to do some more investigation.

I vetted the collection, storage and usage policies, along with their contract and compliance history, for each of the service providers we use (Information security is my primary professional background).

yeah, im gonna go head and wholesale...i got two buyers ready to pull the trigger already

I was a series 7 licensed, financial advisor/stockbroker in my previous life & had to disclose all business activities to the compliance department.

My recommendation is to read up and find your niche and pull the trigger.

I am still trying to learn all I can before pulling the trigger on my 1st purchase.One thing I don't seem to find much good info on is insurance.I do plan on placing each of my properties in an LLC.

I just got the HUD today and $350 fee for "mandatory compliance" was added to the HUD by my buyer's agent broker.

Although my cash on hand hasn't directly been paying much in my bank account, but similar to the Warren Buffett approach I enjoy having enough cash on hand to pull the trigger on a good opportunity when it comes my way.

So I checked with the historical zoning district, and they assured me that purchasing a property in the historic district does not trigger any sort of mandatory-reconditioning to ensure the property comes into compliance with historic building codes.

They will tell you, and if you don't they will tell you as they really don't want to mess with compliance issues with another licensee unless they need to. :)