Wholesaling Discounted Properties!

[Eric Doss]

Hello I am a new investor in Memphis TN and i have been looking into wholesaling properties to build some capital. I was searching craigslist and i came across a discounted property with a motivated seller. The asking price is $13,000. It is in a rough area of Memphis and the house by the pictures at least lets you know it needs work. My question what steps, precautions, or concerns do i need to consider when trying to wholesale discounted properties such as this??