Even though I will budget for vacancies, my biggest fear is that I'll initially make a few bad choices in the screening process and I'll have to evict families.

Buy in a desirable area, near the metro if possible so it would be easier 1. to market it, get many applicants and have more choices to select a good tenant. 2.) ideally get more professionals/steady income renting who will hopefully give you less headaches.

Coops and condos limit your choices, including the choice to rent.

Do open houses every chance you get, put together a facebook marketing campaign using the "power editor" if you dont know what that means google it.  

I haven't made a firm choice, but retail is most familiar to me and interests me the most, so that's the direction I am leaning towards.  

I bought the house on foreclosure, out of state closing company is doing the initial closing, (I know bad choice) I am wondering if there is a simple way of using my buyer funds to flow through to my purchase without doing another closing, or using transactional funding.  

I will second with Brian that taking early distribution and paying taxes plus penalties would be poor financial choice.

In drop down - Hover over Free How To Guides - select/read ultimate beginners guide, also how to start wholesaling, Set up some keyword alerts, be sure to follow some selected forums of your choice.

I don't tell them where I went to school or how long my company has been in business or any of that crap.There's an educational component to help in a seller understand all their choices.

And, so the good news is: Wells and Fargo, is in the process of approval stage.Here, I will have to  decide my choices.