Any money you put into the rehab can't be included into the purchase price.If you are expecting a decent equity bump then you will need to wait for a 6 month seasoning.

I plan to shadow some agents soon, so we'll see.Huge fan of the outdoors, including biking, hiking, surfing, kayaking, climbing, skate, and everything else.

Are there any red flag issues anyone thinks I should include in the master lease?

@Eric HortonDoes the wholesale contract contain any language for RESDL seller disclosure?

Current tenants pay $600 and $550 and the mortgage would run $700 including taxes and insurance.

The ARV on this property is $140,000 and I only have a total of $58,500 wrapped up in the home, including the rehab.

Auto Liability:  Even if you do not own any autos, you should make sure there is coverage for Hired Autos & Non-owned Autos is included on the Liability coverage.There's no way to accurately estimate the costs of the various policies without more info.  

We can assist with the entire process, including the management of the property going forward, so please do not hesitate to send me a PM.Look forward to hearing form you!  

Those who are self-employed (wholesaling generally qualifies) can get the additional benefits of the Solo 401k including: Compared to an IRA, Solo 401k contributions limits are roughly ten times higher.There is no custodial requirement for the 401k.You don't need the additional expense and administration of an LLC to have checkbook control.There is a built in-Roth component whereas IRAs are either traditional or Roth, not both.A spouse can also participate in the same Solo 401k plan.The Solo 401k has additional tax benefits over an IRA when investing into real estate using leverage.The penalties for prohibited transactions are less severe, though it's best not to utilize this benefit :)

Gated community, 3/3/2car 1512sf built 2006 Monthly costs Hoa 66, insurance 57, management 89, taxes 58 rents for $1125 $212k value = $170k loan @ your 4.612% = $873 total $1143 (minus $18/mo)In the last year I had to paint the trim ($500) and fix clothes washer ($237)#2 preferred single story model, not Gated community, 3/2/3 car 1456sf built 1993Monthly costs Hoa 0, insurance 44, management 90, taxes 64 rents for $1125 $250k value = $200k loan @ your 4.612% = $1027 total  (minus $100/mo)In the last 2 year I have had zero repairs #3 non-Gated community, 3/3/2car 2200sf built 2007Monthly costs Hoa 57, insurance 46, management 98, taxes 74 rents for $1375 $264k value = $210k loan @ your 4.612% = $1078 total $1353  (plus $22/mo)In the last year I had to replace the stove ($590) and fix a sewer line blockage ($125)In north Las Vegas sewer is included in garbage,recycling/water bill from the city. in Las Vegas I bill the tenant for sewer per the lease (about $250/year)