I have signed up for about a half dozen wholesaler email lists, many of which have tables set up at our meetings to advertise the latest deals.As I understand, many of the wholesalers formed a co-op of sorts and allow each other to market each others properties.

You're going to be expected to spend a Bumch on advertising and marketing, I'd guess $30-$50k, so run the numbers for yourself.

Advertising is a secondary benefit to paid members.

I plan on using a FHA loan to purchase my first rental property and I'll occupy one of the units myself.1) Gross income (yearly) - $49,3802) Vacancy rate of 6% - $2,9633) Income - Vacancy = $46,4174) Expenses (yearly) = $18,234.24    Taxes = $6,962    Insurance = $1,600    Water = $1,350    Sewer = $2,672    Maintenance = $2,071    Gas = $1,500    Electric = $500    Replacement Reserve = $1,200    Advertising Fee (1%) = $414.545) Net Operating Income = $28,1836) Debt Service = $19,761    Assuming 3.5% down-payment, on $295,000 home value, 5% interest on a 30-year loan7) CFBT = $8,421.28I don't know if I did the the analysis correctly on this but any feedback would be helpful.

One of the problems we are seeing is that many wholesalers do not estimate the repair cost correctly, we have been rehabbing and flipping properties for a while and our contractors do a great job quoting reasonable prices on our properties, but none of them can match the low price that the wholesalers advertise.Another common issue is the ARV, many properties will not bring the advertised value, yes real estate is strong here in Charlotte but investors are not throwing money at any advertised property.BP is full of useful information that help estimate the repair cost of properties and assist in property valuation, listen to the podcasts and read the posts of experienced investors.When estimating repair, we do not deviate from the following:- We get quotes from reputable licensed and insured contractor.- We do not assume that investors will do the repairs themselves.- Online valuation tools do not give an accurate ARV, we consult a realtor.- Property values are going up, but we cant fix a property and hold it until prices go up...The list is much longer, I am sure many our BP readers can add to it, but these are the major hitters.

My first property is almost ready to start advertising for rent, but i was talking to one of the neighbors.

That doesn't include advertising and lease up fees. 

This complex has literally no advertising and cannot be found online.

We use Postlets as a starting point for advertising.  

Especially considering the fact that most of these deals are sold via PPM and cannot be advertised to the general public.