How did you develop your wholesaling business?

[Sage Jankowitz]

I'm heavily considering a career change to a wholesaler and I wanted to ask you experienced wholesalers, how do you prioritize when starting out?

Do you only look to build a buyer's list at first, or do you simultaneously search for properties as buyers tell you what they're looking for?

Where is your focus in the early stages. How important is it to set-up an LLC, get the proper forms from an accomplished RE lawyer, and figure out a system for determining fees?

Mike Snyder on BP has offered me just a wealth of knowledge (THANKS MIKE!), but I thought I would ask the general BP population as well. In short, I'd love to hear how you developed your business from the ground up and what mistakes or great systems you have implemented.