(accidentally posted in general) So I would like to generate as much feedback as I can on this and I sincerely apologize if a lot of this has been covered in earlier posts.

In your example  you're selling a piece of real estate for $200K and generating $100K in proceeds.  

Not sure how much time you've spent on BP or listening to the podcasts, but the general consensus seems to be that wholesaling is tough and probably requires at least some money to spend on marketing to generate leads.  

I want to ensure I fully indulge all my energy into becoming more familiar, before I go into my first duplex or triplex etc.

When it comes to wholesaling, I personally understand it as a simple transaction but the most difficult part for me to get grasp of, is how do you generate a buyers list before having properties to sell already ?

There are a lot of gaps in this story, but to make the story short, he has put a lot of time, energy, and money into working on this place in hopes to buy it. 

Very high energy, great communicator and has a good network of the basic contacts you would expect of an agent (title/escrow, simple contracting, etc.)Let me know if you'd like her contact info as well.

-Generate Leads-Quick Screen-Analyze Leads-Make Offers.Lets say I get 100 leads, screen them down to 50, and analyze 50 to determine I want to make 10 offers.  

You can chase a possible dead beat tenant or you can put your time,effort, and energy into fixing up the place and hopefully making a profit. 

Just make sure they are somewhat standard or a little lower than average and then focus your energy on finding someone that is high quality.