Finding a seller is easier when (1) you have access, directly or indirectly, to many sellers, and (2) when you have a legitimately good deal. 

@Patrick M. rental prices are set by the market, which is indirectly influenced by the prices of homes.

You will be in direct competition with agents who have been doing this 30+ years and have teams and spend tens of thousands of dollars everyone month doing all of the above. 

1) You may be referring to 590-B. 2) While it is possible to take funds from an IRA and not pay taxes or penalties provided that you return the funds within 60 days (60 day indirect rollover), keep in mind that the 60 deadline is strict and you can only do once per 12 month period for all IRA funds that you have.  3) Please note that you can use the proceeds of a 60 day indirect rollover for any purpose. 

Information/due diligence is essential for long term success in direct RE.Ex.

IRS rules are very clear on this, by investing your 401K you would receive indirect benefit personally, which is prohibited.

As others have said, yes.Biggest hangup is typically technology, or rather not knowing how to work it.On a typical Oakland CA purchase contract, with typical Bay Area timelines, the seller is going to indirectly (via the terms/conditions/timelines spelled out in the purchase contract) require the homebuyer to know what a PDF is and how to docusign and what an email is and how to work a document portal and how a scanner works and how to own a scanner (to scan the social security income entitlement letter) and that sort of thing.Pragmatically, the way around that is kids/grandkids/nieces/etc helping.

When this happens, the creditor is affected directly but we all are affected indirectly.

Wholesaling without intent to close the property is unlicensed activity in our state and subject to regulation by the Division of Real Estate...it's referred to as "for a fee, for another"...that said, there seems to be zero regulation as apparent by rampant wholesaling in direct violation of the law.

Of course, the commission is indirectly coming from you.