Good advice from James.I've been wholesaling for about a year and I'd encourage you to invest in your education before you expect compensation!

My Idea is to get educated in wholesaling for starters, I think this will get me into the know and into relations with essential people.

Should I leverage it to buy a few smaller fixer uppers in Texas to rent?

Leverage technology to stay organized and work efficiently.

I wanted to diversify the portfolio out of the stock market and I like the idea of being able to use leverage.

An education is never a waste of time!!

Education has value.

Even if you could buy this place with 100% financing from the owner (no bank will do this, the owner is the only hope), you need cash to fix it up and then you need cash reserves to cover the hiccups that come with rentals.Also realize that rentals don't spin off very much cash, especially if they're heavily leveraged.

Graduating commission, start at 50/50, annual cost 1800.Free education, I'm taking their classes now.

If you (or anyone for that matter) does any type of financing where you have no money into the deal, you must make sure you are getting one heck of a deal at purchase, otherwise, you risk having an over-leveraged asset that could come back to bite you.