When the bank lent you the money is when interest starts accruing. 

I have mentioned a few times on BP For all these folks trying to bust into the business but need to make money this is a great way to learn details and make cash without having to spend much if any money other than a computer scanner printer phone. 

Wholesale should never be done with a listed property unless you give 100% full disclosure up front so the agent and seller knows you have no real money no real means to close unless you can find a buyer etc etc.. but of course here we are talking about this and poor wholesaler cant get deals LOL

The main reason to prohibit subleasing is that you lose control over how the property is managed.

DIYing the place can help save money, but for someone that doesn't have all the tools and know how, it'll probably take longer and might cost more.

Anyway, the money arrived in my account early this month.

Or you just put more money down?

There are normally three traits to make a business successful - Experience, Money, Time.You mentioned already not having the experience.

As @Nicholas L. stated what are the expenses going to be if you had to put money into the property and could you raise the rents if you did fix some of the issues.

Other cash such as down payment or money to fund your escrow / impound accounts (accounts that most lenders require for your property tax and homeowners insurance shouldn't be included in lender fees).