I am somewhat new to the wholesaling side of real estate.After dozens of hours of research, this is how I plan to open up my business.Step 1) Create an online presence / storefront for a company who helps offer options to underwater mortgagees.

Having a presence, especially your first time out lessens the odds of craziness happening under your watch.  

Put the time and money into an internet presence.  

But if you are starting from next to nothing, please, the need for patience comes with the territory.

I know that there are companies that are a little spread out geographically and handle the purchase, rehab, and placement of a tenant, but I would be less confident that they would maintain a presence in that particular location.

@Andy Kim Hey Andy did we get someone to get the group a Facebook presence yet?

This comes with the territory.

I was told it will cost in the realm of $10,000.Additionally there is an active, severe termite presence which I was quoted $2000 to address. 

I am generating 10 to 15 leads per week per territory yet I can't seem to find the right investors to partner up.

Even no money down deals cost you money.Constant marketing and a huge presence in your local market as a player in the industry is the only way to get multiple no or low money down deals.