If you're absolutely brand new to investing and looking to just do 1-2 buy-and-hold deals per year, I would develop a relationship with an agent and not get your license yourself.  

I'm a brand new wholesaler in the Memphis Tn. ( Shelby Co.) area.

I am brand new to BP and the only thing I have invested in the Real Estate market is time and research.

House A and B in same LLC can both be included in lawsuit, House A in LLC1 is protected from lawsuit on House B in LLC2)If you get an LLC and don't do it right then there is no point, but if you actually operate it correctly then it is a good thing.

Association Reserves, typically has this data on their website but I've included an excerpt from our reserve study below.

The plans included there budgets.

Other hot investment areas that are out are West Park, Tremont, Ohio City, Parma, and pretty much every multi family property anywhere decent in the greater Cleveland market, including Cleveland proper.You should be able to find a decent single family rental property for an all in price around 50k in the following areas.Garfield HeightsBedfordNewburgh HeightsOld BrooklynMaple Heights

Although I've been studying and researching the biz, I'm brand spanking new to real estate investing.

THAT'S the sort of savings you're looking for, even if you aren't flipping.Look into FHA203k loans, which let you buy a fixer upper (including the rehab cost) up to a 4-plex, live in one, with very low deposit down.One problem with Wholesaling is: if they're great deals - why would you WANT to sell?

That could include rental property or flips or storage units possibly also.