@Kyle Scholnick I am a newbie as well but what I have quickly learned is that DC/NOVA is not a cash flow market and I am heading out of State to get started.  

Like what @Michael Noto said above your finances will need to be in order and part of that will be what kind of loan you can get qualified for assuming that is the route you head down.

The homes are listed through agents and they look at me like I have 4 heads when I mention seller financing  or owner will carry!

Since it is a condo association of almost 100% vacation owners, I had to pay cash.  

You also have to actually enjoy that person's company, and have casual common interests; otherwise you're just business associates LOL So my intent was not to convey that I only talk to people I can use, but rather I DON'T talk to people if we can't share a mutual level of growth.

At the point in time a business sells inventory, the corresponding accounting entry is "Cost of Goods Sold" which is a fancy way of recognizing the expenses associated with that inventory.

Also thank you for the heads up on the wholesaling!

I believe expenses should include all fees and costs associated with the sale. 

@Scott JohnsonThe following is a link to a fillable, printable, and savable Vacant Land Contract PDF from the Florida Association of Realtors used by almost everyone. 

Hello, First I would like to say Hi to everyone in the Columbus, Ohio area and all of you on the forum I think some introduction is also in order before I head into the rental section of the forum as I have amassed a long list of questions I like to be answered.