I was listening to a BP podcast and the speaker (I think his name was Charles) was saying that if you want to be a good investor you should spend more time learning/figuring out the financing for the property over the property itself.

I would suggest though that you spend some money on a good real estate attorney and have him draw the documents up, meaning the note and the deed of trust. 

I was seeing that my maintenance head was spending 5  plus hours a week at Home Depot, Lowe's and other vendors, mostly picking up the same items. 

If this is a one off flip it may be different but if you plan on creating a long term business doing that your reputation could take a big hit justified or not.With court there is the time you spend on filings,attorneys,preparing for a case, going to court,etc.

With enough passive income to support your lifestyle, you can spend more time doing what you enjoy.

Maintenance costs will be such that you will be continually spending and topping up your reserve maintenance funds.You will have no positive cash flow to put on your primary home.  

Why spend 20 hours trying to wholesale this deal when you could spend those 20 hours finding and selling more marketable deals?

I have cash to spend and am currently looking into the sub-$50,000 price point in North Alabama.

We will spend more time in unconscious states and in long-term care. 

In the meantime, I was wondering what advice is out there to do in the meantime to allow myself to be best prepared.Currently, I spend most of my time reading literature and educating myself on Real estate investing.