Owner very motivated as headed towards foreclosure. 

Welcome @Brian Martin,I would recommend you check out the how-to-guides under the "Learn" heading if you have not already.Here is a forum post where @Robin Secord compiled a list of the books recommended in the podcasts.If you do a site search for "book" a whole lot of info comes up as well.Happy investing, Craig

@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.