These two contractors may not like that area, or just had one bad experience, so it would be great if you could explore more of what other experiences people had/have in the city. 

Quote from @Juan Castillo: Most people "dream" of investing in real estate.

I focus on mid-grade quality items that are durable and pleasant to use yet not so nice that people are tempted to swipe them and are then expensive to replace.

So it may end up costing you $400k within 30-60 days without any financing options.How do people overcome this when you do your due diligence?

I haven't dug into the actual agreement, but was curious because I'm not in a position to house hack, but see many people on here recommend the strategy.

(Respectfully- Please don't tell me to save up and quit my job it's just not realistic for me and won't be anytime soon)If you read the threads on BP concerning wholesaling, you should be able to draw a few conclusions1. 99% of people trying wholesaling fail2.

You need a license if you're going to manage other people's properties.

Its easy to get wrapped up in wanted to learn everything, and it ends up in people losing sight in what their original goals were from the start. 

People were so quick to say he was way off base.   

I've done this with my properties because I'm well known in my small town and don't want people to know what I own.