Wholesaling has always struck me as a lot of work for a little return. flipping a small property will gain you a lot of experience.

What would be the gains and losses from this and who would I talk to about doing this?

that way all the gain is tax free. 

This one was purchased from an older landlord looking to liquidate some properties and I gained a good private financing relationship out of the deal to boot. 

I would get the capital gains exclusion on the unit I lived in.

How can a wholesaler gain from a rental property that is still occupied and gets good rents

No landlord headaches vs holding for appreciation, but wow-the short-term capital gains (ordinary income rate) plpus the self-employment tax b.s. really reduces your profit.

Note: I have a great job and will be investing capital of my own, I’m looking at the long term equity gains of using someones capital to grow quickly, I can also pay his cash flow out of pocket if I get in a bind, so I’m not worried about falling through on my contract to give 10%, which really is very achievable.

First, I want to give a shout out to BiggerPockets for giving me an avenue to gain valuable knowledge.

First, I want to give a shout out to BiggerPockets for giving me an avenue to gain valuable knowledge.