Beginner...

[Manuel A.]

I've read a ton of info, and feel confident in proceeding into wholesaling but I have 4 questions before I continue:

1. What kind of a contract do I need? What clauses need to be in it? I have no idea what-so-ever as to what should be in these contracts. So please be very detailed. I'd very much like if someone could share their contract with me so I can analyze it. Please, someone give me detailed info or share their contract.

2. Is my thinking correct of the wholesaling process:
a) Find really cheap house using this formula (65%FMV - repairs)
b) Get it, "under contract" which I guess would say something like, "You are selling me this house for (65%FMV - repairs). I will, "close" (meaning I'll have a buyer and, "assign" my contract to him/her) within 30 days. If not, this contract is null and void." (Is there any money transferred in this contract phase?)
c) I find a seller and do I say my 5k (or whatever profit I make) is a finders fee, or is it simply a mark-up of my price I got it for?
d) When the contracts are signed... what happens? Do I have to do something with them? I have no clue and have never been in real estate. What is all this talk of a Title company? How do I set this all up, or is this the buyers job that I assign my contract to? Do I just assign my contract to him, then he closes to the seller and I walk away with a check and don't have to deal with any Title checking or legal stuff? Sorry if i'm so rookie sounding.

3. Do I need money to get started, besides for gas and food and what not...

4. Do I need a license. If so what kind?

Here's my background if you're interested:
I live in New Mexico, have no money, and am a computer programmer/student in the medical field currently working on apps for the Android market. And yes, I am unemployed, on food stamps, pell grants, the works... Please be detailed on question number 1. Thank you soo much.
-Manuel Acuña