They will not have the knowledge necessary and make mistakes that can cost you a lot of money in drafting the purchase and sale agreement among other things. 

Just be careful because allot of people make the mistake of thinking because they have new construction that their properties will appraise for and sell for a much higher price.

I'm just a new kid trying to do that first flip, make some money, and not make too many silly mistakes.

Hi all, I'm trying to get my first wholesale deal done - it's been a long process with the sellers disappearing for months on end. My attorney (first time I used him) insisted I put the "able to assign" in the contrac...

(Been there, done that and won't make that mistake again).I've never had anyone not rent because there was a tub/shower combo. 

I made a few mistakes by not listing all my requirements i.e. 3x rent, deposit amount, mandatory screening and application -but what I learned most from another BPr was to have a larger application fee, say $200 where only $40 goes to the cost of application but $160 is a credit towards deposit/first months rent.  

If I didn't have the money to loose or the cash flow to bail myself out if I make a mistake in a new area it would be more stressful rather than a fun learning experience.  

You would be totally responsible for everything, including having no back up if you made a mistake.  

While learning from others mistakes shortens the curve it is advised to get your feet wet as soon as possible

@John FedroWhile I understand what you're saying about "messing up", I've made and am making some of those "mistakes" right now.