I just moved back to the mid-west from Western Canada [Similiar market to west coast US].I couldn't beleive the ROI that can be generated here.

Stephanie,I am afraid I don't have any new advise to offer as you have gotten very good feedback but I did want to tell you what a nice job you did on the remodel and the staging!

I'd advise this type of organization to anyone thinking of setting up a management company.

The Realtor needs to do progressive price drops, until he can get an offer generate, and then it will still be tough because again, the house list price is still way over the actual value.

Can anyone share/advise on a good Quickbooks Chart of Accounts for primarily Wholesaling?

I like commercial because there is not as much competition for it.You can structure a deal more creatively and there are more different types of lender loans than for residential.Residential is highly regulated by the government now.Commercial I don't want the government messing it up as well and squashing creative financing.I like commercial for economies of scale and ramping up larger transactions.You can make money in residential it is just not my thing.I like retail and multifamily.Medical will be hot for many decades to come as well with the boomer generation retiring.I don't care much for industrial but I am seeing some transition areas where a developer takes an industrial shell of a warehouse leasing at 2 sq ft.They put improvements in and get rezoned to mixed use retail and get 15 sq ft lease rates.

The strongest piece of advise I can give you when it comes to your score is NEVER let your mortgage go 30 days late.

I mostly wholesale from MLS, my guys dont mind since I'm handing them something with no frenzied competition that the MLS generates.

Most likely you'd need to have some cash in addition to the HELOC, depending on market prices and actual amount of HELOC.Have you thought about doing any flips to generate cash infusions?

My company has no properties there at this time so this advise is not self serving.