It is more hands off than I imagined.

Does it go down like a traditional mortgage (funds requested at closing, checks written, etc), or do they hand over the funds to your account beforehand so you can put the money up as if it is cash?

Are you thinking that some software will replace a hands-on property manager? 

Again, these fees are charged and paid to the lender to complete and fund the mortgage.Third partyclosing costs include title company fees - including the actual title policy, escrow or closing fee, tax certification, and other title fees; governmental charges – including recording charges, intangible, and transfer taxes (depending on your state).

I have one and they're currently at 4%+, no minimum balance, no transfer fees and unlimited transfers, and they pay out interest monthly.

I had a house that transferred earlier in the year, and I'm still sought after because I'm on a bunch of lists. 

Any transfers should be made through the owner of the LLC and not another LLCSo you make a capital contribution or capital withdrawal.

I’m looking to get into wholesaling but feel a bit discouraged by how competitive it seems and my lack of hands on experience—a lot of deals already seem to be under contract.

If the underwriting goes smooth and I can have the cash on hand at closing, then maybe the owner wouldn’t care how the cash offer is funded. 

I love how everybody has their hand out when things don't go their way.