First of all, you and your hubby are still young and you've lived long enough to know what not to do - which goes a long way in real estate investing. 

I've been fooling around can grabbing images off the internet but am having a hard time removing/add text and what not.  

I understand your thinking of risk mitigation and is a good plan, but you can always have 2 or 3 properties not rented too, then what ? ( not

I soon recognized at least what NOT to do, and that served me well. 

Check out a previous post of mine where I linked to my blog, I did an article specifically on What NOT to do as a Wholesaler & Licensee...might give you some basics on the legal stuff (disclosure, etc)  link is here:http://aarealestatementor.com/investing/licensee-investors-listen-up-how-not-to-handle-a-deal/As many said above - having a BUYER already lined up, or at least having a buyers LIST is your first step in wholesaling.  

He was family man, drove a Ford station wagon (nothing fancy), and even way back then I think he was worth hundreds of millions of dollars; with 1000's of acres and countless projects in development.He saw decades in advance, what not many people could.

@Josh DehmlowYou've raised a TON of issues that I won't be able to comment on all but just wanted to chime in and give you a couple things to think about and talk with your attorney about --- if you do have one partner doing most of the work for set-up and whatnot, giving them a bigger interest in the LLC versus paying them a fee is a big difference. 

Laws for evictions and what not are a little different though so be sure to study up so you know what you need to do.

I know some by listening to podcasts and whatnot, but when it comes to experience i have none.

She has an excellent grasp on the local market's wants/needs, so I think I have a good idea going into it what to do and what not to do.