I have purchased numerous properties in Minnesota from Auction.com.  

It's still a gamble but you might stumble into a nice appreciation play.

Sounds like they may have an issue with a lack of credit history.Bear this in mind about credit scores: they're a numerical representation of someone's likelihood of going 90 days late in the next two years.

This is not a time in their lives for you to decide to gamble their savings.

Not their fault - it is the IRS rules that make it a drag when you have numerous payments (forget about using a credit card totally)... 

The podcasts have numerous episodes that tackle this topic, I would start there to really understand what you could do differently to find a deal.

Then he told me the reason I was there was not just to drink and gamble with him but actually to meet his partner. 

As you already know there are numerous neighborhoods and price points throughout the city. 

Mac, I've attended seminars from numerous well-versed, well-educated sources on the subject of wholesaling and spoken/worked with RE attorneys who write my wholesale contracts.The easiest way I would describe wholesaling is this: You are not "selling" the property.

I'm studying the books on lenders and numerous investing books and I'm starting to put a plan together and I wanted to be sure on what any out of pocket expenses am I to expect.