The idea of being on the deal end has always seemed so out of reach as I have never had capital and having to support myself since 16 (and at times other people) accruing it has proven nearly impossible.

I suppose the next step would be to approach local banks and seek out a portfolio loan, am I going to run into the same income dilemmas there? 

MOLD: You must take steps to limit the growth of mold in your apartment.

really depends on who your dealing with .. if they are the litigious type or notmy case the victim was a hold over on a house I bought at court house steps.. 

What would you say is the first step to taking action to start wholesaling?

@Swaroop Chowdary devineni   First step is to speak with a lender, find out your current situation. 

Any thoughts on next step? 

I’m in central Texas and I need to know all the paperwork and steps I need to take to protect me and the property owner who is my father.

A good step is to start calling banks and credit unions, and find out what they offer for owner-occupied small multifamily.You may find that it works better to rent in your area and invest in a less competitive place. that's a whole 'nother ballgame.Good luck!

Step 1.