Licensed contractors have more of their "shtuff" together and thus are better at their job and naturally will cost more.

Wholesalers are not regulated by Real Estate Agency, therefore not required to abide by certain laws and disclosures.

., as Chris noted, the required documentation will be outlined in the LP Agreement you signed.

Someone who has a Great job that does not allow them to move, would never be tempted to move.  

What would be the best ways to familiarize myself with construction process, while still maintaining my W-2 job? 

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

Here are some thoughts on your choices:401k Loan: This can be a good option since you're borrowing from yourself, but it comes with repayment risk, especially if you leave your job.

There's also plenty of lenders who falsely represent the true capital requirements to originate their loans or are merely up front fee collectors. 

This requires an income that allows you to maintain your standard of living throughout your life.

If you know of any legal entity in TX that can help in a case where GP is not doing their job (maybe a branch of SEC), please let me know.TIA