It is usually everything involving travel owners dislike.

To my understanding the banks don’t usually show the house and you’d have to buy it “as is” but how do you know when you have a gem on your hands or fools gold?

They essentially recycle their money over and over again.Ideally, they don't leave any of their own money in the deal.The key is getting properties at a discount, which usually is going to require paying cash.

Plus on top of all of this, REI is usually local.

regarding a licenses, you dont need one to write an offer on your own behalf, you would need one if you did it for someone else. as for wholesaling, that "and or assigns" that is usually put in an offer to be wholesaled, pre crash, we saw it all the time, today, bank sellers will reject those, and any regular seller with knowledge, or getting legal advice will want it removed, its telling them they are leaving a considerable sum on the table.

The smallest I've put down is $100.What I mean by "no money wholesaling" is like winning the lottery is BECAUSE that is usually how it's portrayed when someone is trying to sell you their program.

Usually it is 3 to 5 year primary leases with options thereafter.

These inspections and appraisal fees are usually necessary and you will have to back out of some deals. 

Usually you would write a note secured by a second lien mortgage.  

Spent 3 months just researching our landlord tenant regulations.Most new investors don't bother to learn the regulations and usually end up on here after backing themselves into a corner.