Wholesaling with $1,000

[Ben Roberts]

I'm from Memphis Tennessee and ready to get started wholesaling.  I've got $1,000 to get started. I think my first move is to buy some business cards, setup a website, get a list, and send out postcards (since they appear to be cheaper than yellow letters). I'd like to put half my earnings back in to generating more leads, and half in savings to pay cash for my first rental property. 

Does this make sense to anybody? How would you start with $1,000?