Getting with a investment lender can really help you with understanding the numbers and they usually have a preferred wholesaler that can be beneficial in your search for that first property.

Once I have that information, I usually will go over to the property appraisers site to get the owners information and then ride by the property to see if it is vacant. 

You can usually comp properties out yourself, but you need to know if there are any major structural problems. 2) I would consult a local attorney to ensure you are considering all applicable laws (usury, registrations etc.)3) This is up to you.

LP’s don’t typically show an address, just a legal description.

Be very careful, depending on your state, it’s very hard to get clear title for tax defaulted properties, you usually need wait redemption period expires then suit quiet title for marketable title

How does this work usually.

It's very common for small business owners to understate their expenses and overstate their income.The overstatement usually is in the form of "We don't run everything through the cash register", especially in a cash business. 

Yes, you certainly need insurance, usually a Builders Risk policy.

Make sure that your listing has pictures (the more professional looking, the better) and a great description.

Is this usual.