What are the Potential Risks to Wholesaling?

[Nathan Witte]

I have started looking into wholesaling as a means to helping me fast track my savings goal and help get experience within real estate investing. I understand that wholesaling gives people with little money, extra time, and drive to  be able to opportunity to enter the business of real estate investing. From what I have been learning so far, it seems very possible to do at a young age, but what are some of the potential risks of wholesaling a property? When would a wholesaler become liable within a transaction. For example, when wholesaling, once a property gets under contract, who pays for contractors and title searches and other due diligence expenses? Any additional information on the topic would be absolutely great! Thanks.