@Don Konipol Thanks, Dan, that I do understand.

I’m a newbie and I genuinely want to explore and understand hard money options, so I can set up my financing and get going.Please ask any questions, if that will help with my situation. 

My understanding is that in the state of California, you are not able to wholesale double close a property on the same day as you close on it.

To figure out what places have rented for in the past I use rentometer.com and for current rentals I use Craigslist/zillow/apartments.com etc to find as many comps as I can.I use the historical to understand what things are actually renting for and the currently available to understand what my competition looks like in order to land somewhere just above the average.

I work on Staten Island as a realtor, so I don't want to play Monday morning I told you so ...I can say this , I advice against buying property with out a certificate of occupancy, I had investor do it , but they understand the risks and can wait it most times .

There's no tricks, study and understand the material to pass the test.

I completely understand if you've had a property for 25 years and it's 2.5 year away from being completely depreciated.  

I was just trying to get input on the numbers as I understand the development process.

I understand over list, but 17k on a house listed at 90k?!?

I understand the basics of refinance.