Convince yourself that there's a better than average chance that you will lose, and if you can live with the time, energy and money spent if you do. 

For simple math let's say it's $100k buy.

Like SWFLA  new builds  at the time I was buying for 25 to 35k at courhouse and Atlanta until the hedge funds came in and kicked us little guys to the curb. !!

Because the chances of successfully concluding a wholesale transaction when you lack experience, knowledge and capital are so infinitesimally small that you’d be better off playing the lottery.  

There's a good chance the issue(s) you face has already been discussed and answered.Ask questions in the appropriate forum.

One of my buy box requirements is the house needs to cashflow at least $500 per month or I am not buying it. 

Are you looking to buy and hold or flip?

Rather than just spending the money on a rate buy down. 

I tried to look up properties that I could buy using my $6,000 bonus as a down payment but I was living in Los Angeles and couldn’t even buy a shack.

Investment Info:Single-family residence buy & hold investment.