One of the worse things you can do as a wholesaler starting out is put a lot of time and effort into negotiating a listed property only to have other buyers purchase it right from under you, at your negotiated price, because you have neither the funds nor buyers in place to acquire it. 

I can share pics as well if you like?

If there is a hospital nearby this place, you could turn it into a MTR for travel nurses.

You need to do the leg work and when you find a place where the numbers look like they will work, send it to your agent. 

You're in the right place to learn about real estate investing.

This post is going to highlight the events that took place over the course of a month for one of my rental properties. 

Having an operating agreement with protections for you are essential, and making sure to run good numbers and having a solid plan in place are what you'd need for this to work out.

Should you know how to do this first, then look to find places or jump head first? 

The CRIM is a good place to start, but be prepared to wait in line or not get good customer service.

That being said, this would ensure that you have a great service in place to manage your assets once you have hit that milestone.I would use low pricing as an opportunity to try and get clients in the door.