If you're reading this and you haven't pulled the trigger on your first investment property, I'm happy to help out.

I've always been interested in rental properties but never pulled the trigger.  

You act as more of a lien holder collecting the "lien release fee" vs. being considered both a buyer and seller at the same time triggering two taxable transactions.I was curious to know the thoughts of seasoned wholesalers on this or if there was a better way. 

If certain remodeling is done or certain components of a system are replaced, it can trigger an inspection and/or a requirement to bring the entire house up to code.When purchasing a property that is new to you, be sure to do a comprehensive inspection.

While it is possible that any contract with a  vendor or customer may contain an early termination clause and, transfer of ownership may be a condition which triggers the clause, the new owners are still bound to abide by the terms of the contract.   

I had no problem pulling the trigger as I was very familiar with the area and considered anything under 100k well worth looking into.  

Also, consider your cost basis on the vacant lot and determine your capital gains tax, other municipality taxes that may be triggered, and broker commission if you don't sell it FSBO.  

My name is Julia- been following bigger pockets for years and after talking relentlessly about it for 6 years, I'm finally pulling the trigger and making my first deal in 2016.

@Tim HealeyYou can quit claim deed them, but you run the risk of triggering the "due on sale" clause.

Fortunately I am in no rush and have the time to continue learning and researching before I break into the residential space - then I'll take it from there...the trick is to know when to pull the trigger!