Don't need startup funds to wholesale if you find a good enough deal and you structure the contract right,There's plenty of information on wholesaling in this site.

That is, where is a lot of rehabbing happening and the market is good enough to allow a new person to walk in and get some deals going quickly?

From my own experience originally as a borrower, here are 3 key items to remember. 1) The deal must be good enough upfront that you can bring the property to market for a little bit less than what other properties are currently selling for in the subdivision.

Not awful, but not good enough, IMHO, for the hassles and risk for being a landlord.

But, if you can find a good enough deal, you won't need much or any cash.

They want to know your credit is good enough to push you into a regular investor loan with one of their lenders so they can retire the HML loan.HML's make money on churning points.

That's not good enough (it's the bare minimum) for an LLC. 

Is a 5% Return on Investment good enough for you (after all fees, PMs, Taxes, Insurance, Repairs, and etc)

Unless you are planning on holding this until you die and praying the location is good enough that the tenant stays for a really long time, this seems like a bad deal. 

@Padma Mody asked this question offline but maybe the story is good enough to broadcast on the greater forum.When I began searching for rentals, I was looking at 3-4BR properties within my school district because I think the schools draw families to my area.