That would be who technically has claims to the property at this point from my understanding. 

Once you receive the check, you technically have the freedom to use the funds as you see fit.

@Jeffrey Isenberg is extremely knowledgeable when it comes to analyzing his niche of 2-4 unit properties in LA. 

Technically, he could be violating the "peace and quiet enjoyment" clause for others. 

I've found that CPAs that focus on a niche area such as real estate rather than offering general services to everyone are typically much more knowledgeable about real estate tax incentives.

Common sticking points include:Verification of rent or mortgage on your primary residenceA recent utility bill to confirm occupancySix months of reserves, even on rate-and-term or cash-out refis where no funds are required to close401(k) and retirement accounts being discounted to 60% of their valueLenders requiring PDFs with full account details — screenshots aren’t accepted, and missing information (like account number or name) means resubmittingTedious Corrections That Slow Everything DownThe closing process is often delayed by minor, technical issues that feel like death by a thousand cuts:Appraisal revisions for things like a refrigerator not being labeled correctly on the reportTitle corrections that go back and forth with the title companyInsurance documentation — lenders often want a formal invoice proving the policy is paid in full, and it’s shocking how many insurance companies struggle to provide this in a clear, timely formatEach of these delays typically adds 24–48 hours, and because most lenders don’t work evenings or weekends, momentum can stall quickly.

STR's are my dream portfolio as they can produce stonger cash flow but I want a diverse portfolio so im not stuck with just one niche.

@Wes Reed Just adding my 2 cents here — although technically it’s correct that you "don’t need to pay for people teaching you to wholesale"...If your time and energy are valuable to you, getting experienced help through a paid program can save you a lot of both.Lead generation is indeed the lifeblood of wholesaling, but there are many methods to do it — and just as many ways to F it up…Not to mention getting the right wording on a contract and knowing how to approach a seller in a professional manner (and yes, some courses even teach you that).So I agree and disagree with what others wrote here.Like anything, you can burn your own dime and mental capacity to figure it out, or you can spend somewhere between $500–$2,000 and take the shortcut with someone who can actually advise you.The real key is to be consistent with lead generation and flipping the deals — not just doing it once, or once in a while…

Plus, if you are going to use a 203k renovation loan, then you need to live in the property for at least 1 year, so a quick flip would technically violate FHA guidelines.I agree with @Bill B.....even with the built-in contingency reserve, make sure you have available cash in case things go astray.  

The most important thing I have learned so far from being an agent and investor, is that having a specific niche in real estate and becoming the best at it, Is crucial.