Either one can be fine to work with if the deal is structured properly, however, you have a better economical exchange using the professional.

Best to set expectations properly up front when building a relationship with an agent, and not burn any bridges in this business.  

Hi Everyone,Newbie question...If I buy a property that has a bonus room addition that was never properly permitted, is it better to just to leave it be or would it be possible to get the space permitted now since I am a new buyer?  

To be sure you properly file and receive these credits, make sure you are working with a CPA that understands multi-state taxation.

The really funny part is that I pick up rentals in the city proper that would sell for 10x as much in my neighborhood, which is less than 5 miles away.

What are the proper questions to ask and how do i get them to  put there home under contract with me.

@Shawn Thom - if this is truly a sub-panel that has been properly wired, then it would feed from a breaker in the main panel.

I still feel I need to learn more about the terminology and how to properly estimate rehab cost to be an effective wholesaler.

Anything that is not done properly needs to be fixed immediately, while the crews are still there.

That being said, don't be afraid to take on good debt that covers itself and gives you an income, but don't be too quick to assume lots of debt without financial backup and proper planning.