I'm looking to learn more about wholesaling so if anyone has any info they think will be useful, please share.Also, are there any good real estate organizations in the Houston area?

Mine is one-page that reminds me to ask questions concerning the caller's issues and helps me organize the property type, liens, equity and other relevant information so that I can better guide the conversation and keep the facts and circumstances for later reference.

The algorithm we (and/or I, personally) use implements a multiplicative attribute screening function that eliminates borrowers and/or deals that haven't thought out or flushed out the details of their project.

Not to divert too far, bankruptcy searches are conducted as a function of obtaining an abstract of title.  

My local property manager will oversee any necessary rehab and in the mean time, the property is fully functional (just beat up) and has tenants in place.  

If they are both debt financing than the second home you close will have to know about the first ;) I organized a 1031 for family last year and they bought 3 houses within 45 days.

All the files where organized by years.

Absolutely put a servicer in the loop, from that outline you gave you're "in the business" of acquiring, modifying and disposing of notes which is not going to be seen as an "investment" function of a buy and hold type, you're churning the accounts so to speak.

In a specific market where buyer and seller are not under duress to sell with a marketable property it will be bashful to an agent who is looking to build a name for her/himself to submit a low ball offer unless if its warranted by some other reason.Properties or owners who have duress with value add potential whether from zoning, entitlements, legal, depreciation to functional obsolesence, sellers personal reason, and other can present a good opportunity for an investor.

Def change each time..Either rekeyed  for $7.00, recycled or pick up Kwikset pack...I'm considering smart locks, but finding it difficult to transition....The recycled is definitely the cheapest option, but need organized system.