I am currently a full time employee for the largest chemical company in the world.

How soon can I pull out the full $105,000 cash I initially put in ($75k purchase price + $30k renovation). 

Yes you can, the owner has full right to sell the property until the gavel drops. 

I will be moving likely within the next 8-12 months or so, and my wife and I are planning on renting out our house, so that's how I figure we will start.I've got a pretty good gig going with the AF so this will be more of a supplemental thing for me at least in the beginning so I would say I'll probably be taking a more passive role to start, although I'm open to anything.I spent the last two years as a recruiter so I've gained some valuable experience in Human Resources, advertising and marketing, cold calling, as well as general salesmanship so I think I can find a way to use those skills in this venture.

You could then go ahead and sell it at full (ie. lower) MARKET cap rate, which arrives at the nicely increased figure of $1.2M! 

I should be going full-time in real estate in 2017.  

I eventually want to flip houses when I have a full time job that can fund it, but for now wholesaling seems to be the best option.

I am in college and right now I'm just trying to figure out how to get started while being a full time student.

Make sure to check out the Bigger Pockets Blog: https://www.biggerpockets.com/renewsblog/It is full of great information.

I'd like to do more to learn more but I have a full time job so I'm thinking about how to balance hire vs self.Looking forward to hopefully being active here!