This included how much and who holds the earnest money deposit, where the money is held, and what are the terms and/or contingencies that allow you to or the seller to retain the earnest money deposit in the event of default or dissatisfaction with the contract.The questions that you have are real estate 101 type issues but require everything to be spelled out.

I think young investors should think of a similar trajectory, working even part time in the industry while attending college.

@Markeen BakerYou will need both, one with the seller and the other to your buyer.Listen to the below podcast to get a clear sequence of events on wholesaling as @Ben G narrated in the interview.https://www.biggerpockets.com/renewsblog/2014/10/09/getting-started-real-estate-wholesaler/ (BP Podcast 091 Wholesaling)

You've gotten great advice so far, I'd like to add the advice of attending local REIA meet ups!  

@Joe Homs I will be attending the meet up in OC in Jan!

Failure is not an event.

Will b attending Hoa meetings 

We are both very interetsed in real estate investing and just starting to educate ourselves Via Books, online engines such as BP, and we recently attended Than Merrill's workshop in the city. 

At this point i have a couple that I have met at some networking events, but I would like to speedy the process of finding them.Can anyone give me some advice on this?

I would ditto Sean's advice, join or attend the UVREIA meetings (find them on www.meetup.com or just google).