The truth is there is virtually no chance you're going to wholesale something before your wife becomes an agent.

Its not being defensive its being truthful.

Truth is, I have no prior experience in this field whatsoever, but i've been spending the last few days studying and reading as much as I come across to get a better idea of what I'm getting into.

Can anyone tell me if their is any truth to this or is the realtor blowing smoke?

Figure out the truth and then act according to your business plan.

If this is the case, I will still have time to make an offer.But the truth is, the deals flow from the direct mail (1.2 a month) has more than kept me busy and have way better spreads than anything I have ever purchased on the MLS.

Truth of the matter, most people aren't going for the century old properties.

When it comes to product availability and marketing efforts, the law makes it mandatory for lending institutions to be truthful in their advertisements and solicitations. 

Not sure the truths in this but it's something I've considered and it's sort of persuading me to stay away.

Fannie Mae, HUD and other programs like that can be a great source of properties, especially if you can truthfully qualify as an owner occupant.