First Post - Need Advice - Starting Off - Newbie

[ANTONIO BARBOZA]

Hey BP, I hope everyone is having a great Friday! A little bit about myself.. My name is Antonio Barboza, I'm originally from Brazil but I've been living in South Florida in the Broward County area for the past 12 years. I am 20 years old, I have a real estate license but Im inactive. Life has been pretty tough but its ok because nobody said it was going to be easy. I graduated from high school in 2013 and I've been working full time ever since with a job that only pays me enough to pay my bills. I was first introduced to the niche of wholesaling about a year ago at a Fortune Builders seminar. Ever since I've been on BP just sinking in as much knowledge as possible! I was finally able to save up some money ($1,800) and I feel that I should use that money wisely and start my REI career. My plan is to invest in my area (Broward County FL). I will be marketing to my seller by investing $200-$300 mailing out letters to probate properties and hopefully that will get the phone ringing. Once I get a call I will take a look at the property with a handyman friend of mine, come up with the repair costs and ARV and do all of my due diligence. If the property is a good investment opportunity than I will put the house under contract and start marketing to the buyers. My question is what will be my expenses on the closing day? I want to make sure I can get this deal completed. Do I have to hire an attorney? How much would that cost me? How do I come up with the ARV? I want to be 100% confident that the property I will be wholesaling is a great deal. Please share any information that you feel I will benefit from. I will be getting started with mailing out the letters on Monday! Thank you all