If the risk was too high visa vi the return, or if the investor was not in a position to accept the risks, then it could turn into a real nightmare.  

Overall, this has been a very positive project and the family is enjoying the extra guest/entertaining space.

I would like to sell a second position mortgage portfolio I own. 

If you work for a company as a W2 wage earner and flip to a 1099 self-employed position.

Anyway, as I am actively searching for and applying for new positions, I am and always have been interested in wholesaling as a way to supplement income.What are some tips, pointers and or resources I can use to help me get the ball rolling?

I think, in general, unless you're an extremely high W2 earner just looking to get into real estate for tax purposes, buying for cash flow gives you the durability to weather market fluctuations as you're never in a position where your back is against the wall and you need to sell... unless you have debt coming due.Now, that being said, if the true cash flow, after allocating for all expenses, vacancy, maintenance, capex, etc. is in the black, then I think taking a 5% CoC return in an appreciating market isn't a bad move, especially if there is a component of value-add. 

Ideally that salary would be closer to 5-8% of the rents.

If a property meets the 1% rule, it typically indicates that it can cover its mortgage and other expenses while still providing positive cash flow.35% Operational Expenses: This rule helps estimate the proportion of rental income that will be consumed by operating expenses, excluding the mortgage.

First off, huge congrats on your financial setup at just 22 years old—you're in a fantastic position to dive into real estate investing!

If you want to accelerate the process… find a position with a company in the real estate industry.