(Yes, good advisors exist.)In general, look for a Financial Advisor that is Fee Only - Fee based can work as well, really it depends on the firmIndependent - They don't work for an insurance company and are not limited in their investment optionsFiduciary - Legally required to put your interests ahead of their ownCertified Financial Planner - CFP is the preferred designationPersonally investing in real estate - This is pretty rare.

You could do a combination some residential loans and some commercial.  

I meet a lot of these old guys, who rarely worked 'on the books', still looking for work in their 60's.

Rochester has a number of thriving neighborhoods where deals can still be found (though increasing rare). 

The word spread around in the community and I get the best tenants attracted to my properties - increasing my occupancyAll 3 combined made me MILLIONS - hence, the golden rule will make you gold.

If you have that much saved up then I will assume that both of you combined are earning a hefty salary. 

So I rarely use this route any more unless I have a lot going on and am temporarily low on cash.

It's good that you've budgeted a combined 15% for monthly repairs + capex, but you may want to bump that up to 20%.Even as you've presented this deal, the cash-on-cash ROI is less than 5%. 

Here are the monthly numbers as I see them:$1700: GSR($136): Vacancy - 8%($255): Repairs and CapEx - 15% combined($170): Management - 10%, always include, even if you plan to self-manage at first($300): Property Taxes($93): Insurance($705): Debt Service=$41/month cash flow; 1% CoC ROI; ~6% Cap RateYou mentioned that utilities are covered by the tenants, does this include water/sewer?

In most areas, the way most do wholesaling it is not legal but rarely prosecuted.