But short term is to just get into the game and start playing.

Do you have an opinion on the consumer protection issues related to wholesaling...consumer with a 6th grade education works for 30-years, pays off her mortgage and hasn't a clue about the power of equity in her home...in comes a wholesaler promising the world and negotiating away the equity she has built up....seems to me the Attorney General's would want to take this on at some point...

As far as that goes I would feel comfortable playing with the rent a bit, you can raise it slightly every time and see how the market reacts.

Buying better properties is probably a good strategy if you don’t have the grit to Power through bad tenants.

But at the end of the day, the commission is the judge and jury so its best to play by their guidelines.We both know a ton of people wholesale without being licensed and never get in trouble. 

They Have More Equity In Their PropertiesMany of the mom and pop investors are more conservative with their investing approach and prefer playing it safer for consistent cash flow.

There are a few items that will come into play. 

Or should I play it safe and wait until my current job can pay for the mortgage even if the property is not being rented out.

That's where finding that sought after "deal" comes into play.

The other one they are both estranged from (not sure how that plays into it).