This translates to at least $10 K a month in savings.

Right now, I am not as interested in investing as I am in helping another investor in order to get some hands-on experience while my wife and I save a little bit more money.

.: I think you made a mistake.Yes, you get extra money.

@Jorge LiangThe process to actually record a deed into the LLC after closing is generally fairly straightforward, but if you need to get an attorney involved, it may eat up those savings.

This way you learn and make a return on your money.

Of course most GPs have personally put in money to keep the deals from sinking.

The one guy I spoke with said they make money only when they sell to potential investors and they only sell new construction homes that are usually pre-leased to buyers (currently they are building in Texas state and Missouri State).

(Respectfully- Please don't tell me to save up and quit my job it's just not realistic for me and won't be anytime soon)If you read the threads on BP concerning wholesaling, you should be able to draw a few conclusions1. 99% of people trying wholesaling fail2.

There will be many situations where you can help a homeowner save their home -  however, in other situations they just want to sell quickly which provides a wholesale, fix/flip, buy/hold opportunity for you. 

Start saving up and buy your first place.