What's being pitched as wholesaling is simply illegal real estate brokering.

i used FHA for the first property so it may take me much longer to have enough money to buy the second since it wont be FHA but I don't want to wait several years. are there any other strategies to buy properties quicker or do I Simply just have to wait until I have enough cash?

Put simply...I've seen turnkey sales that were done terribly in terms of rehab, weren't in great locations, and had tenants that were paying over market rent (to make the numbers look good). 

The best way to determine demand is to go on FF and Airbnb to find comps.

If Vrbo determines an offline booking occurred, you may be required to pay compensation.

What’s your process for determining if a property should be flipped or turned into a rental instead?

That is a full-time business in itself so we simply pay to skip the line there. 4.)

. - patience is the key in this market right now, as many of the deals we've reviewed simply don't work. 

Wholesale fees are typically calculated by determining the difference between your contracted purchase price and the price an end buyer is willing to pay.

If I wanted to be more involved I may have considered starting a real estate biz like wholesaling, flipping, property management, etc.So, I would first determine how much time you want to 'invest' along side that $200k.