I have a general idea of what aspect of the real estate world I'm interested in, but that may change as time progresses and I am exposed to different areas.

ARV's are another aspect of your alcuaation.

@Mike McCarthy, I started to add all the finer points but realized that it may not matter to the situation but okay, I'll bite. 

Living oversees has afforded us both the time and energy (still working on the money aspect).  

Now a novice question here so please be kind, what aspect of wholesaling is unethical or illegal?

I knew there could be some downfalls in the rentals aspect of real estate so I am definitely just starting off.

My wife is uneasy with these types of loans due to the balloon aspect, but I'm generally OK with them, as I keep a solid credit score, good income, ample reserves, and have good relations with many conventional and private lenders.

Or am I overthinking this aspect?

Or maybe complete a few aspects of the rehab now so that when they leave you tackle the rest more quickly.

My reason for this is simple, when I was in law school (dropped out, bored and realized I was never going to practice law) an experienced RE attorney and a few of us were having dinner and talking about a lot of aspects of property contracts.