Can we do wholesaling without quitting our day jobs?  

There would be no need for refinancing.This will not defer their depreciation recapture tax but it will defer the part of the gain that is over and above their accumulated depreciation, which could be quite significant if they have experienced a lot of appreciation.

Example ... the seller is named John Smith the buyer has an attorney create the John Smith family trust with equity buyers LLC as the trustee of the trust then does a quit claim deed from John Smith to John smith family trust.

There are quite a few Meetup groups in the Bay Area that are active (I attend several and rarely see the same people at any given event).

The unit is older, built in 1975 and has quite a few small issues, est. about $1000 in repairs.

Can't quite put my finger on the reasons yet.

I have been quite successful, but the job keeps me away from home, more than I would like, as I have to physically visit the properties, have face-to-face conversations with the landlords, etc.

I have been quite successful, but the job keeps me away from home, more than I would like, as I have to physically visit the properties, have face-to-face conversations with the landlords, etc.

The goal of this purchase was to significantly lower my out of pocket expenses, which it has.I have one tenant moving out and when I advertised the available room to employees at the govt agency I work for, I had 6 inquires on day 1.I have no doubt this pool of available renters will be available for quite some time.So theorectically, I could rent all four bedrooms out to individuals and cash flow on the property.

And although I could quit and go somewhere else, it really comes down to "better the devil you know than the devil you don't".