I've heard good and bad things about wholesaling, and just wanted to know if this was actually a good way to get into real-estate with a credit score of 600.

It was bad!

Agreed there are some good areas of the north side and some really bad areas. 

I did some research and this doesn't seem like a bad idea, but I'm just a little skeptical and nervous. 

I've been running the numbers and trying to figure out my options. 1031 seems like a good choice, but finding replacement property would be very difficult.

Lisa Jones you invest in an area long enough you hear of the good ones and the bad ones...lol.

This is also a topic of frequent discussion, I suggest you search the forum for related keywords and results will keep you busy reading for hours...As you read you will see who the real players are, do little due diligence, review their references and then contact 2 or 3 to speak directly, then make your choice.

And, if you are sinking all your capital into the purchase, it's not a bad approach.

Nobody knows how soon it will happen or how bad it will get. 

I thought about taking out a loan first before I finance the deal but not sure if that's a good or bad idea.