As long as the wholesaler works without violating real estate license law, this type of sales transaction is perfectly legal. 

It's the perfect all around Landlord experience.In addition you ar eligible for an FHA 3 1/2% loan if you House hack so you can start with very little money down.

Its perfect.

The information is there, just not always in a perfect list.  

To coin an old phrase, "you have to pay the cost to be the boss".Setting up your own real estate investment business is a worthy goal and obtaining your license makes perfect sense.  

Perfect turnover.

Not every deal will be a perfect deal, in fact most of them are not, so its best to not be a one-trick pony.

I developed this system myself and perfected it over the years.  

There is also one aimed at agents that sounds like it would be perfect for you. 

@Bryant Grimes The reason I wanted to purchase in an A class neighborhood is I plan on this property being my primary residence at some point in the near future and therefore the added challenge of finding a rental property that made sense from an investment perspective but also one that I would be happy to occupy led me to purchase a property outside of the rules of thumb.I personally believe that changes all the calculations and makes this deal make perfect sense.