But this was an awesome opportunity for me because this is my first living situation where I will be on my own (and getting used to paying a rent/mortgage) but this will put my overall mortgage on a 400k house at roughly $2000 a month for the first year!

My guess is that you will pay less per month with multifamily than a single family. 7.

The way I see it as a wholesaler is that my buyers are people who I am striving to buy one day so I pay close attention when they tell me something.

Less licensees paying into the pot means everyone's costs go up.

Never pay an upfront fee.You didn’t mention your state but understand that with little exception, an NMLS registration is only required for consumer-purpose loans.

Remember, in this model, you are planning on holding on to these properties as rentals so pay now in quality, or pay later in headaches and repair costs.

You can learn from someone one step ahead of you and then do business together.I'm sure there are plenty of mentors you could pay substantial money to to gain knowledge and know how but i doubt it could replace actual relationships that are pertinent to your market and current business.

The first one is the hardest to get off the ground, but there are ways - and you'll thank yourself down the road for doing so because real estate is a long game. 

The reverse mortgage company wants buyout and I dont have over 200k to pay out.

@Jon D. some questions, the answers may help you better focus.1) Why did you pay your primary mortgage off in the first place?