From what I can see from the windows it seems the bank has kept the utilities and AC on, and aside from a carpet cleaning and some paint it is pretty clean.All that being said I'm am thinking of picking it up to rent for a few years, then I'll upgrade the kitchen and flooring and move into it, and rent my current home, or sell it depending on how strong the market is and move on to the next investment.Problem is that while I have awesome credit (820+) and work history, I only have maybe 5k cash I can use for the property, the rest needs to be mortgaged.

I would like to hear advice and tips about if this is a smart way to begin my wholesaling career.

Im still in my learning phase and welcome ANY tips that can be given.Thank you all!

., an exit strategy of refinance is probably not plausible because the borrower is not creditworthy enough to receive a loan from a traditional lending institutionDo you have hard money loan tips or questions? 

I have also done a quick flip  through the trustee auction that went equally as well, but only required flooring, paint, cosmetics etc.  

If you talk to a bond broker, you need TIPS.  

Thanks for the tip. 

And finally, any tips, tricks, opinions, or any comments about this would be incredibly appreciated. 

Great first step to learning and investing.Consider developing your profile a bit, it helps other get to know you.Other tips, I highly recommend BP's Ultimate Beginner's Guide, it helps to form a general foundation in the industry.

I was hoping to get some advice from the experience veterans on here about tips on buying a first home, things to look out for, some hidden costs or expenses that I wont see until its too late, anything along those lines!