I would account for 70-80% of purchase price multiplied by the tax rate for the following year just to be safe. 

8 Wrote everything I did down  in a form of a diary, mistakes and all9 Followed the advice of what everybody on BP regurgitates, despite my instincts telling me no10 Failed at it as I expected following this stupid advice11 decided to use my own logic12 Made my first wholesale deal in 3 months (14K)13 I said "yay"14 Ran 3 laps butt naked around the house out of shear happiness15, stepped it up16 made my second wholesale deal ($20K)17 Made a few more deals18 Website took the first spot of Google19 this:keeps happening20 Jerryll was happy21 Jerryll became stuck up22 Jerryll stopped helping others for free and turned to the chicken, goats and virgins currency23 Jerryll became really good at making BP admins nervousThat is the fool proof guide to how to wholesale:You are welcome.That will be 2 chickens and a virgin!

Thank you all for your quick responses, I will follow up in private messages later today - looking forward to us working together!

To follow this plan will require some self-discipline practiced daily, especially if this mindset doesn’t come naturally.

@Nancy Dominick good luck in following in this 'family tradition' :)Make your grandfather proud!

I will follow up with Matt and Sonya.

If you follow your vacancy projections you should be good, just make sure you are setting aside the money to handle a vacancy, it can be tempting to use the reserves for other investments, but you really need to have a deep capital reserve.  

If what you believe is true about the house being in good condition (which you should definitely follow up on by getting a home inspection) than my question would be how do you plan on adding value??

Late Saturday night (midnight) I got a message and the thread goes as follows... guest: "Hey just FYI your tv is broken Netflix on displays a half screen and the cable box doesn't work.

My next thought following would be, transferring money from an account held under the LLC to the mortgage held personally, is that like transferring money between two individuals?