WHOLESALE questions for Newbie

[Alexander Levit]

Hi,

What are some of pitfalls or need to know potential dangers of Wholesaling? 

• Once you successfully acquire a contract on a residential property below market value that would be enticing for investors (flippers or landlords), is there a time frame of when you need to find your assignee investor before you get stuck with this purchase yourself? Is this something you can control in the contract - a clause indicating the amount of time needed to fulfill the purchase (aka found your investor to assign the property contract to)? 
• Clearly you can't be too transparent with the wholesale property owner about what you intend to do because than you won't get your ideal purchase contract price, but how do you go about this without creating a hostile environment & come off like your doing something sneaky by assigning the contract to another person for a profit?
• In a scenario where your investor (assignee) wants to physically preview the property of interest, how do you do this with the owner not being triggered by what's going on & trying to renegotiated the selling price after figuring out that your, in essence, flipping the contract? 
• If you can't find an investor, what happens? Your responsible for taking on the property yourself?
• Where can you find investors? 
• Asked this question above but want to emphasize it, is there an official time frame where your supposed find an assignee before you would have to take on the property yourself. What do you in this situation if you can't secure an assignee & don't have the finances to purchase the property yourself (personally or via mortgage)....? Has anyone been in this dire situation?