You may choose your tenants using any criteria you wish as long as it does not violate the fair housing police although even that decisions is up to you.

As long as within an acceptable time i can use those profits to add to my portfolio and purchase another property. 

So long as the numbers work for you, it sounds like a deal.  

Then you leave your last property(ies) to your heirs via a will or trust, and they get a 'stepped up' tax basis equal to the fair market value of the property at the time of your death (as long as the props don't pass to them until after you die)- basically all the deferred tax you owed is wiped out.

As long as you pay whatever office fees you're expected to pay, keep your license active, and act within the bounds of the law it shouldn't really matter that you're only in it to buy and sell your own properties because they are still making that, let's say, 30%-50% off of you.

I will forward a copy to you as long as you realize the categories are more typical in any area than the labor and material cost.

@Jackson LongA true hard money loan is a loan based on the asset value. 

 $33,000 per Rental  ( This assumes an Average Purchase Price for the Properties of  $75,000 ) Will I be able to Re-use this same $20,000 from the HELOC over and over again for each New Rental , so long as when I go to Refinance each Property , I make sure that I Pay-Off the amount borrowed from using the HELOC  ( along with the Interest Payments ) .I just want to make sure I understand the dynamics and the way in which ELOCs work, as I'm signing on one next Monday and am hoping I can use it for each New Rental ...... so long as I " Pay-Off" the amount of the $20,000 from the HELOC that I use/borrow on each RentalThanks so much for the help and insight 

But as long as you continue to make small strides, you will be amazed what you will accomplish.Congrats on making a life-changing decision!

I know this is 6 days late, but as long as you have the signed contract with the co wholesaler you are good.