Hi @Paul Deliso, congratulations on taking the first steps towards getting your first multifamily under your belt! 

You’re an investor and wholesaling is just one of many tools in your tool belt.

I’d love to hear from experienced investors and rookies who may only have one or two deals under their belt!!

For those who have a deal or two or ten under their belt, did you have a buyer lined up when you got your first wholesale deal or did you just look for buyers after you got your first deal?

Expect some mistakes and redo's along the way to add to the time.Expect any government inspections to add to the time.If you can keep the same team all the way through by the time they get several units under their belts they may be able to go faster--providing they can get the materials.In my opinion, it's more intuitive to look at each unit as a separate job, vs demo all kitchens and tubs in X units as a job.They can still come and demo several units, just for me it's seems easier to keep the Tiger by the tail this way.If you buy all of the materials at once, you will have to guard them against theft and store them somewhere. 95 toilets going missing probably won't tank your budget, but it might tank you enthusiasm for a while.Make sure to budget for a dumpster if you need one, and porta-potties for the workers to keep them from using the ones in the units. 

The experience and confidence you get after you finally get your first deal under your belt is huge for your real estate journey! 

But after I had a few rentals under my belt I refinanced them, pulled the cash out (not subject to capital gains tax) and paid those loans off.

I would say start off with small residential or multifamily deals so you can expand your network and tool belt of mortgage brokers, inspectors, and others.

My feedback would be get a few rentals under your belt then make your decision, assuming we're talking about rentals, leverage, insurance and umbrella policy should check most of the boxes you're looking for.  

There's time for that later down the road when you've got a few transactions under your belt.