. :)Note: as a licensed agent - ensure that you're disclosing everything properly to be compliant.

This ensures that when the bill comes, the funds are there.

Any tips on how to properly vet out a wholesaler to ensure they are a good one?

We also both work full time so we have had to get very efficient especially since we self manage and our properties are located all over the country, 3 are located thousands of miles away. 

Part of their responsibility/duty should be ensuring a safe neighborhood

What did you do to ensure it is fair and pretty iron-clad?

Because we want to ensure we are building a business that is sustainable and will create a legacy for our families, we believe wholesaling will require us to build a killer marketing engine and generate sustained deal flow moving forward. 

Alternatively you could split the down payment into 4 similar sized properties to stay within your niche at, on average, 216K  with a familiar 43K down payment a pop.This move would help you redistribute your equity to help you maintain a solidly leveraged position while ensuring a positive cash flow.Either way, great pick on the initial property!  

My background is actually as an ARchitect for over 35 years specializing in Energy Efficiency.  

The idea is to look for properties that satisfy the criteria for more than one buyer...in case a buyer is not in a position to move on a deal that matches their criteria.I'm not a believer in wasting time or money, so this is the way I wholesale, and I have found it to be very efficient in every way.Joe VilleneuveREcapSystemA2REIC