If they don't, that is good and bad news.

There are good and bad wholesalers in Oklahoma.

Initially I was going too cash out on a Sheriff sale property and refinance my current duplex for to find the second properties rehab.Although it’s not a bad idea, I don’t wanna bank on the equity in my home to be enough.

you will no doubt get PM"s from many pitching their deals.. when you make a post like this on BP.. its just like internet dating you have no clue who your talking to.. and just being on BP is not an endorsement of anyones bona fides..Those words by @Jay Hinrichs will save you from getting into bad deals with possibly worse partners.

The first lot has a house in really bad shape so it seems like a tear-down.

As far as trickle down from their portfolios, don't hold your breath. 

Since I have never lived in the areas and I work full time, it will be difficult to tell the "good" from the "bad" areas. 

Will you still have some bad apples, sure, but it will help prevent them.

Hello i was wondering if taking out a mortgage for a single family home first time home buyer and not Occupying it or renting it out and paying the monthly mortgage myself would be a bad idea investment wise. and then after 1 year rent it out?

Tripp,It's not a bad thing to have a 15 year mortgage, it gave you more equity in a quicker amount of time, now you have it to invest in another.