Unless you want to do cash for keys and he accepts immediately, I would start the eviction process.

Could anyone give a succinct step by step process of wholesaling?

This process is a 24+ month process, so a lot of cash is tied up with no return (0 cap for 2+ years).

Or what important things might I be overlooking?

I have many questions about this process but want to start with some pretty basic info, I am currently reading the book on rental property investing by Brandon Turner and its opening my eyes to a lot of sides to this process I was unaware of before. 1. 

(Click on the images to enlarge)I tried not to take you through the Journal Entry Process because I know how hard it can be to do Journal Entries, and so I tried taking you through the write checks and create a new invoice scenario, but it didn't deal with the old invoice or the payment received that bounced. 

I have a great agent who has made the process much easier.I decided to invest in St.

If they're still there after the lease is up, start the eviction process. 

The more it is exposed to water the more it acts like a sponge and will accelerate the decay process.  

I’ve been doing a lot of research on it and feel I have a good understanding of the process.