What's being pitched as wholesaling is simply illegal real estate brokering.

i used FHA for the first property so it may take me much longer to have enough money to buy the second since it wont be FHA but I don't want to wait several years. are there any other strategies to buy properties quicker or do I Simply just have to wait until I have enough cash?

Put simply...I've seen turnkey sales that were done terribly in terms of rehab, weren't in great locations, and had tenants that were paying over market rent (to make the numbers look good). 

That is a full-time business in itself so we simply pay to skip the line there. 4.)

. - patience is the key in this market right now, as many of the deals we've reviewed simply don't work. 

There were 100% some rough years early on, to be certain, simply because it's hard to perfectly time the catching of a falling knife, but those that weathered the storm are sitting quite pretty today.

Because I have created a “hassle” situation for myself by going down the LLC rabbit hole I have separate LLCs and separate bank accounts.

Is it simply not up to code?  

The walk through with a contractor for an on market property is simply to get a sense of their costs without any urgency. 

Shallow vertical oil wells can have pretty small pads, while some deep horizontal wells with multiple holes can have some probably 10 acres.Minerals are superior to the land, so while not all that common, so someone who just holds the land, but does not have a good surface rights agreement could find a drilling rig in their backyard.