@Vinny Incognoli You can easily title it in your llc but not sure on the actual note.

@Harshil Patel Phoenix has solid areas that are B-C markets that might work for you.Financing could be a lower down payment, as low as 0% down but easily 3.5% down. 

I can see how that would be easily twisted into brokering.

If they are professional, they can explain this quickly and easily.

There is a very good strategy to follow if you want to wholesale, have no experience, and have little/some money.Do a search for "Forced Traffic & Credibility" on google, and you will easily find it.The results are spectacular!

On all my non BRRRR I have easily gotten conventional financing.

We won both times, easily, but not without 2-3 years of waiting for the next letter from ambulance chaser lawyers, depositions, travel to the out of state property to testify, always with a niggling feeling in the back of your mind.  

Then technology improved over the years and you could easily and safely make that turn going faster... yet that 20 mph rule remained.

With $500k used as down payment, over the last 3 years I could easily have purchased 4 properties totaling 92 units and had a bunch of that 500 left over for coffee for life.

As to whether a $50K deal is a waste of your time for your ROI I would say it's not and a big part of that is because it would be your first deal in the area, the first deal is always a wealth of knowledge so what you won't make in $'s you'll easily make up for in networking, contacts, knowledge of the area, etc.