If the wholesaler makes someone believe they own the property or markets the property (as compared to marketing the contract) the wholesaler could in fact be in "agency" and violate numerous laws.

**Best Services for Setting Up an LLC**: There are numerous services out there that assist with forming an LLC (e.g., LegalZoom, Incfile, Rocket Lawyer).

Another thing I'd highly recommend is talking to property managers on BP to get some feedback-- it's probably very rewarding and can produce income without many starting costs, but it does come with headaches.By thinking about your next steps, you're already on the right track.

It involves overlaying numerous spreads.

It's all risk vs reward..... and if you feels there's enough reward, risk it."

I have been through numerous CRM reviews but many seem to be affiliate/promotions in disguise or at least lack objective comparative context. 

It's true you get a tax deduction for your mortgage, but you also pay taxes on whatever else you decide to do with that money.I would list all of your known investment opportunities, what you think the after tax returns would be, and a risk level 1-5.If paying the mortgage is a clear standout on that list on a risk/reward basis, I would spread out the $60k over a period of time and apply it to principal.You might have other goals like cashflow or reducing risk which might weight towards paydown also.

I think it's more important to have something to do that is both financially rewarding and emotionally fulfilling, if you can find what that is for you.

Wholesaling takes a lot of effort and time but I've seen wholesalers get rewarded for that effort by taking action.

To assure the maintenance of a high degree of competence, Members should only hire individuals with the requisite amount of education to reasonably perform their job responsibilities and affirmatively train, monitor, reward, and discipline their employees.A Member is aided in attaining and maintaining its competence by keeping abreast of current legal literature and developments, participating in education programs, understanding the uniqueness of issues found in particular asset classes, such as auto, medical, or utility.A Member should not purchase or manage receivables in any asset category for which it does not have adequate knowledge or capability to handle.A Member should act with competence and proper care in dealing with obligors and their obligations.