This has 3 advantages:1) You get practice analyzing and underwriting deals2) The more deals you underwrite the better you become in your market3) You develop credibility with investors and get away from the "new investor" tag.Best of luck!

In my experience, wholesaling seems to be a pretty cut and dry business where you market to a seller, meet a seller, put a house under contract, transfer that contract to an investor who wants to either flip or rent the property and collect an acquisition fee for your hard work marketing and acquiring the property.There's some wholesalers out there that do some practices unethically but dont let that wear on your ability to act with integrity and do whats right by your seller even if your not the best solution for them at the end of the day.  

I have a game plan, checklist of things to prepare before DM, and scripts to practice for talking to sellers and listening for distress and motivation if you want, just hit me up.That is a rough rule of thumb that is as helpful as the 2% rule lol - very debatable.

We have a local case where a "buyer" is being sued not only for fraud, but also for deceptive trade practices.

Also any tips on how a 15 year old can practice investing and such?

This site and the podcast have been a great tool for me over the past months.I currently live in Houston, Texas and practice law (part time).

I ask because I don't know if there are any practices common or unique to the multi-family industry that I'm not aware of.Should depreciation expense be recorded monthly, or should it be recorded as an EOY adjustment?

I also believe that most of the Inspector National groups frown on the practice. 

Like talking on the phone with agents, contractors etc..My best advice is to practice humility, and focus on doing something simple but effective consistently.

The areas of law that I want to practice are commercial real estate, contracts, and immigration.