That is one of the main reason Id say agents fail. 

Facebook, LinkedIn, etc).A hard money lender is a company whose main business is lending and you vet them online by way of Google or searching for their name on BiggerPockets.  

Quite honestly, all this will do is complicate things for you (as it did for me)...essentially, since they are both single member LLCs, you'll basically have to report the separate activities on two separate Schedule Cs for income tax purposes...

Quick question- you mentioned the purchase price but not the value when it was converted to a rental- It should be the lower of the two used for depreciation purposes.

to wholesale or even for rental purposes

The third is for investment purpose.

The purpose of the fee is not only to make sure the applicant is serious but also to pay for processing costs.

I recently decided to look at investment properties in Southern Maine to Portland. The prices are much less then you find in pricey Massachusetts and the Rents are producing strong ROI's. Plus, State Landlord / Tenant...

As the area improves I believe proximity to the lake for recreational purposes and proximity to the train to downtown will be a key factor for people moving into the area. 

I find most of my clients from out of state are shocked when they get here and find out a 2,000 square foot house is 1,000 on the main and 1,000 in the basement.