And, how should I organize this info that I learn form the homeowner and write it up to give it to my mentor?

After getting the license you also have to pay fees to your broker and join various organizations to expand business.

You can also check with a national home inspection organization to see if any of their members served your area.

Any volunteers???

High equity positions in LLCs doesn't scare me as much from an asset protection stand point.That said, I chose to grow organically.

WRITE IT DOWN.It is a powerful tool to organize your thoughts into a full detailed plan.

I appreciated those parties that gave me some numbers to work with, and I also appreciated the general council that direct marketing this property to cash buyer investors via direct mail, is unlikely to produce good results.I have a local real estate agent who has been VERY interested in marketing the property, who is allegedly a top seller in his organization with Keller Williams Realty.

You could nominate or ask for a tenant-volunteer to collect the rent and make one deposit. 

Edit: the data that you might specifically look at is the "Price-to-Rent Ratio" spreadsheet organized by zip code to check out specific areas in LA.

Thomas Wassmann I am also a wholesaler , and would love to here how you organize your Criteria(s) and how you structure your budgeting.