Then later you will be putting in quite a bit of cash if it needs all the things you say.The only benefit to holding would be the monthly equity buildup thru principal reduction on your mortgage, which is a slow, (and some depreciation) but fairly sure way to amass equity,  a free house in 15 to 30 years is a great thing., but 30 years is a long time...however you have to be prepared for the possibility that the rents could go down and not cover the mortgage (not too likely in my opinion) or the vacancy factor could go up and you again may not be able to cover the mortgage.Lastly if we have another crash in values and it goes down under what you owe then your $35k equity could disappear.These scenarios could cause you to  end up giving it back to the bank and ruin you credit thru no fault of your own.

I am looking to get my feet wet with Wholesaling and then move on to becoming a Cash Buyer, so I am currently learning the ins and outs of Wholesaling so that I can be well-informed and build up the reputation of good Wholesalers.

It takes time though...Some folks try for 1-3 months and give up because they haven't gotten a deal yet...Most prospecting methods take time to build up momentum.

For the sake of your business I would encourage you to spend 20 min a day responding and interacting here on the forums so as to build up credibility as some on who is knowledgeable and trustworthy.  

Use this time to build up a cushion of extra cash cushion to be able cover the full mortgage payment on your place for three months.  

I currently work with investors looking for great flip properties in King county.

Build up your cash position and make sure you are very aware of what's contained in your credit report.

The lease is typed out but the modification are in ink.

I would like to build up my rolodex - i'm looking to meet with people who I could hire as part of our "Crew" (handymen, contractors, inspectors, and general hands on repair and mgmt people). 

I'm looking to do a bit of everything: build up passive income and assets.