I am a dentist by training but would like to get into rental real estate in order to establish passive income.

I want to start by wholesaling just to get my feet wet, establish relationships and build capital and eventually buy and hold.

It took almost a year to establish the right team here on the ground before I made the move.

I will also look for single family properties in established neighborhoods.

Don't know if I would take that gamble.

Ash -I recommend asking/chatting with established wholesaler in your market, real estate investment clubs are a great way to meet people, title companies, and RE lawyers and subject matter expertsKeep in mind that wholesaling is still not clear for a lot of people, including people in the industry - don't get discouraged if a title company you called tells you "we dont do this", or "this is illegal" - just move on to the next companygood luck

In my experiment I was looking for something super cheap and treating it like a gambling and/or educational experience.

For future planning, it is always wise to establish a working relationship with a tier one bank in your area. 

(If you write one).The Summary should establish, early on, whether the financiers are interested in this deal.Items to include:Your plan/projectYour marketAny unique attributes to your projectWhy your product will beat the competitionYour related experience that applies to this ventureFinancial highlights and any previous achievements relatedFunding requiredExit route for financiers

Not that you want the money but you can borrow it and put it in the bank and pay it off to establish yourself as trustworthy.