Then have the other 2 as income producing renters?  

It really depends on what kind of yield you can safely and consistently produce.    

I also found the "user uploaded" renter's insurance procedure to be very clunky and abandoned it as a method of storing the policy docs.  

My buyers are lucky that I even offer them any of the profit-I could just close & build all the deals myself.Whatever price you believe is a good deal, and the best you can offer, just stick with it.Many of my big fat assignment deals end up being split several ways for the referral partner and often daisy chain of wholesalers to get the deal done.REMEMBER THIS-That wholesaler has proven his ability to produce a GREAT DEAL and will probably be a GREAT SOURCE OF DEALS for you going forward.  

(What I'd probably do is calculate carrying costs over that time period and lower my offer by that amount).I'm a newbie too getting ready to purchase my 2nd revenue producing property in my first year. 

There are specific markets where real estate investing will produce good results and there are areas where investing in real estate will produce far worse results than simply keeping your money in a bank. 

Once I buy enough properties to liquidate the cash I will need alternative ways to produce money to buy more properties.  

Today if there is an audit, I can produce all docs in seconds.

@Joshua Meyers  your in a perfect situation to get your RE license  learn the ropes working with a top producer and get paid to do it.I got mine when I was 18 and still lived at home. 

I would like to learn more about income producing properties, not really into flipping.