I'm new to RE too, but done my due diligence in reading on extend on the subject matter, and if I was the OP (still have not done my first deal), I would secure the deal, if its really such a great deal with 50k spread, in my mind I think he could get 15k wholesale deal to another investor and he does not have to do anything more than sell the contract, then after you have done a few of this and cash in your pocket, I would start with rehabs and rentals etc

Making matters more complicated, these Sec. 1031 tax basis calculations are needed before a cost segregation study can be recommended.

I appreciate any advice and guidance on the matter. 

There are many resources available no matter what you decide :)

If you have a clear strategy and a subject matter expertise, you'll probably do well.

I am at the early stage of research at the moment so just putting feelers out as it doesn't matter to me where I invest, I just want to start out somewhere. 

It's always effective, no matter what the market, as long as you have a tight hold on values. 

If it is for asset protection.....doesn't matter do which ever, and have a GREAT insurance policy with an umbrella.

I had plenty of questions with no real plan in mind or even resources for that matter.

What that commission is doesn't matter at all.