(kind of a oxymoron or a catch 22) I'm nowhere near an experienced investor nor do i have a lot of money to use getting started so these are just inexperienced opinions.

I'm sure in one form or another it's been going on forever but only now are inexperienced people getting contracts with no money down and doing it desperately.

as a Brand new wholesaler who just sent out his first 1500 mailers, I will chime in on this with my (inexperienced) perspective:1) Wholesaling is as hard as you want it to be.  

If wholesaling is not your cup of tea, then ignore it...

After taking advantages of many BiggerPockets resources including reading the Ultimate Beginner’s Guide to REI, I thought learning the skills of “wholesaling” was the best way for an inexperienced person such as myself to enter the RE Investing world.

The PO will charge you however it may be your cup of tea.

I didn't have much money and no lender would even look at my self  employed inexperienced self ( rightfully so) The equity I have was/is 70-80% sweat equity because my unfair advantage and really only advantage at the time is myself and my partner can build a house from the ground up with out subs and would pay ourselves nothing.

That is just not my cup of tea and does not interest me.

It's a big risk for the inexperienced, out of state investor to start with risky, cheap properties.

Even if they start to build and a down turn happens the projects tend to stall out as developers cut their losses and run rather than lose more money and make money off of their other projects.I know a lot of these commercial developers and how they think.It's not my cup of tea but good luck to those who want to speculate.