Not All Fun And Games....Now I don't want to minimize it, or make light of it.  

@Chris Newman:) I wasn't minimizing the possible contamination (okay, I was...) because the truth is that it's fairly irrelevant for people doing day to day things.  

Every industry has wholesaling I've just never understood why wholesaling real estate has such a dark cloud.

I am a resident of California and I feel very in the dark about how they affect my taxes in California and for the Feds.

Minimally, I would request all deposits + proration of rents already paid.

I don't mind spending a little time talking to people and trying to assist them with their transaction whether I can be a part of it or not, but I would like to minimize the time I spend visiting properties if I can rule them out by asking the right questions.

Also 35% expense ratio could be legit if the building is in great shape in a high rent area, but for a long term hold including CapEx, you might want to double check those expense numbers.For multifamily, even in good blue chip areas, I personally look for a minimum of 7% combined annualized return since I get that with minimal risk today.

Although I am not a fan of bright red, I agree that shutters and a nice color door would work wonders, maybe a burgundy or a dark green.     

The reason that the house was shown "open-house" style is, ostensibly, to minimize the impact to the existing tenants. 

I'm in Ontario.I'm not incorporated.I see 2 main potential benefits to incorporating (I'm sure my accountant knows more): 1) tax advantages and,2) limited legal liability.LEGAL LIABILITYI prefer to minimize risk through insurance instead - mine and tenant's.I've only been investing full-time for one year so I'm not perfect.