The effect is potentially quite significant, but that doesn't mean that the proposed investment is not the best one you can make for your plan despite the taxes.

What I found most effective is finding someone who wants to learn the business.

Not sure how that will effect our business once it is fully set up.

Scott's books on flipping and estimating rehab costs are also great sources of info.As far as wholesaling is concerned, Find out: Your target area; ALL costs of a mail campaign (list, letters, postcards, necessary office supplies, postage, etc); budget for 6 months-1year of mailings; develop scripts for prospective sellers (what to say to them); learn to track responses, follow-ups, conversion rates, overall campaign effectiveness, etc.Build your team; title company, RE attorney, cash buyers, closing agents, etc.Feel free to reach out if you need any info.

Would pulling out equity (cash out refi or heloc) have the same effect as selling and buying another property?

It will effect the other lots . 

We have a real estate attorney draft up something to the effect that upon sale of the home any money collected from the sale over 195k goes to us.

It would effect your investment returns and profit margins because you did not account for those expenses to start with.I have only been doing this for a couple of years and still consider myself new to the game.  

Is your offline marketing strategy cost effective?

If no cause evictions go away then you would effectively never be able to get your tenant out by means of nonrenewal.