Others noted that the appreciation play could make it worth keeping, I tend to look more heavily on appreciation since real estate investing is more of a long term game.

That issue will vary based on state laws.

Also, keep an eye on local zoning and landlord-tenant laws—they can vary quite a bit.

The collateral is so so and some have preferences such as certain asset classes they will invest in, but generally speaking, you can obtain an equity deal with very little skin in the game. 

Learn the lawsDon't use a contract "off the internet", laws vary by state and are also regulated on a federal level Learn the financing techniques correctlyDon’t skip parts of the processDon’t ever do a “kitchen table” closingUse the proper deedAn attorney can help you with the legal work, but the rest you are on your ownYour guru will not bail you out“Investing” in someone else’s deal by providing a small 2nd loan so the “investor” can pay for “cash to the seller” and for “closing costs” so he can do the deal is a very bad planKnow what problems can ariseLearn the responses and solutions to problems before they are needed Know everything there is to know about Title and what that meansKnow who a "protected class" individual isLearn the "back doors"Learn human natureUnderstand timelinesUnderstand regulation enforcement (some of these "mistakes" have a 10 year statue of limitations ( they can charge you 10 years AFTER you do the transaction) and carry hefty fines and possible imprisonmentThe court doesn't accept "I didn't know" for an answer"Know that the source of the lead plays a serious role in some states and federallyKnow how much of a "profit" pushes the boundaries to invite an investigationYou can be sued by the seller if you don’t do things correctlyYou are automatically at fault if an investigator or attorney or regulator gets involved.

I’ve been researching a lot about the basics, but I know there’s so much more to learn, especially from those who’ve been in the game for a while.I’d love to hear from experienced wholesalers about their journeys and any advice you have for a complete beginner like me!

once this stuff gets on BP and its monster google search results IE goes to the top of the page its game over..

The cost of a cost segregation study varies but typically ranges between $1,000-$15,000.

Lots of great advice in here already and does vary from state to stat but, I think it is important to find an agent you trust and like and then allow them 30 - 60 days to find what you are looking for.

Real estate is a long-term game, and your patience will pay off.Since you’re a dentist, you may have a busy schedule, so consider working with a good property manager.