The most important things you need to do in my opinion is:1) Get checkbook control (If you don't the fees will nickel and dime you to death and the delay from when you need money until you actually get it can break a deal) 2) Learn all about prohibited transactions. 3) Use a lawyer to set up your Articles of Organization for your LLC.

just got a note from one title company we do bizz with and they are going to charge 450.00 per file for this reporting requirement  so probably another junk fee profit center for closers.

It is near to downtown though where lot of jobs there.HOA fee high around 300$.I am planning to use PM but can PM manage area with crime score of 1 out of 10.

Ask if they've considered sellingOther good indicators of motivation:Absentee owners (they live somewhere else)High tax debt relative to property valueCode violations stacked on topFor disclosure, in most states you don't have to say "I'm a wholesaler," but you do need to be upfront that you're an investor and may assign the contract.

I don't bother charging guests for stained linens (have had very little stains my cleaner can't get out), and haven't had much other damage besides some from dogs, and I charge a $150 pet fee to cover that. 

Minkow also agreed to never trade in USANA's stock again.[38] Separately from the settlement, USANA paid $142,510 in attorney fees to Minkow and the FDI under an order from federal Magistrate Samuel Alba.

The Tenant Buyers give me a generous non-refundable Option Fee ($20,000+-) and I cash flow the properties.

I had a tenant that didn't like the small $2.50 ACH fee associated with payment so rejected setting up an account (kept sending paper checks which sometimes came late or lost). 

On top of that, if the HOA has no reserves, you might be looking at some unexpected fees down the road, and the previous buyer’s financing falling through might hint at deeper issues with the property.The idea of buying the place, renting it out, and then moving in later could work, but you should ask yourself: do you feel confident managing a rental property from a distance, especially with your current income situation?

You can also have an assignment clause in the purchase agreement that allows you to assign to a builder before closing, and you take an assignment fee.