What advantages are there for the investor as far as buying from the wholesaler?

I have the advantage that my partner is licensed contractor with an unlimited license, which can be verified.

Feel free to jump in the community here and also take advantage of the treasure of knowledge here.

Feel free to jump in the community here and also take advantage of the treasure of knowledge here.

Feel free to jump in the community here and also take advantage of the treasure of knowledge here.

Feel free to jump in the community here and also take advantage of the treasure of knowledge here.

Feel free to jump in the community here and also take advantage of the treasure of knowledge here.

You have intimate knowledge of the building and the surrounding area, which is a rare advantage in this business.TaxesSewer and WaterTrashHeat/UtilitiesHOACap Ex and OpsInsuranceMgmt Fee - as a % (general consensus here on BP is 10%. include it even if you think you are going to self manage)Vacancy- as a %. (8% represents 1 vacant month/unit/year)

As a first time buyer on an owner occupied, you may qualify for some advantageous lending programs on this first purchase.  

@Clint Worland an s-corp may have an advantage with fix and flips and the SET (self employment tax).