There have been some epic threads on BP over the years on this very topic so in an attempt to not recreate it let's just agree that it is a risk and the bank has every right to call it due.

My question is; if I know the deal looks good before I even look at it, should I (1) bring in a GC on my first visit to a property to get a rough rehab estimate before I put in an offer, or (2) should I put in an offer using my guess of what the rehab might cost (based on my little to no experience), then once under contract, get it inspected then bring in a GC for a quote on my SOW and then attempt to renegotiate?

I just don't see how it hurts anyone if I at least attempt to learn the game and get paid now while helping people who don't want to go the traditional route.

I'm guessing that it would be a good time to find one as soon as I decide I want to attempt to pursue contracts as a wholesaler, right?

Actually, my suspicions have now been verified.They are legit White Collar Criminals masquerading as a management company.Platinum Properties DMV are attempting to squeeze out double the deposit from us when legally they must only take one month worth of rent as the deposit: http://statelaws.findlaw.com/dc-law/district-of-co...

I earned my brokers license this past June and I too, am attempting to jump into residential real estate. 

Heard wholesale was the easiest way to start so that's what I've been attempting.

Do not attempt to do it yourself, far to risky.

Here is my Question:Should I attempt to market this property to buyers while being completely transparent with the shortcomings of the property and the unknowns?  

We have seen people attempt to strip the 2nd in Chapter 13 due to no equity, and when they don't make it through, go right to Chapter 7, and try to discharge the debt there.