I am fairly new to the wholesaler life.

Mostly due to the fact my spouse and I agreed on her to have zero involvment in any sort of RE investing (and its our home) I think once you have a good 6-12 months of reserve cash (operating expenses for your own life saved as a back up incase things go bad) save enough liquidity to get the ball rolling on your first invesment.

Its a lot of money to put into someone who's new to their life or the industry.

- Highly recommend REQUIRING tenants to get Renters Insurance and adding you, as the landlord, as additionally insured.

Is $107k your true net, or do you have any other expenses (mortgage, taxes, lodging taxes and fees, insurance, utilities, landscaping, WiFi, etc.)?

I bought my first "investment 9 years ago and I can now say that property has changed my life. 

They have a ready made resource called "Commercial Agent" who does, literally, EVERYTHING a wholesaler says they can do BUT they are (a) licensed, (b) insured, (c)get's MORE for the seller, and (d) does all this for LESS. 

For example, what is the monthly revenue for the property and what are the "All In" expenses, including mortgage, taxes, insurance, utilities, repairs, etc...

you just input the address and it import the information which has bedrooms, bathrooms, and square footage. just be careful with the insurance and property tax data.

Insurance fell dramatically since a new roof was put on and I switched carriers.