Hello Jennie, relatively new myself but my initial experience with each is:1.

Also, you can bet I have absolutely jotted down those resources in my collection, thank you! 

I would use $700 per unit as rent for your initial calculation - I'm assuming you aren't going in there on day 1 and raising all rents to $800? 

Everyone starts with no experience of course and those that have completed deals are a much safer bet than those working on their first. 

How come some members use their entire last name and others only an initial? 

@Ethan ErazoHiIt all depends..that could be so however your initial Purchase & Sale Agreement has a minimal investment from you in the form of a earnest money deposit USD10-USD100.That is your equitable interest in the property which you then assign to the cash buyer for a fee.That fee could have a balance that will be paid at closing to youThere are numerous articles and podcasts on wholesaling to listen to on BP...use them

And you could refinance into conventional, to free up your VA entitlement... great, so you're "free" to pay another VA funding fee.For your scenario, I'm guessing the best bet would be to leave your VA loan in place, get a HELOC, and boom now you have 20% down, and can once again buy with no PMI, except this time you also will not have that VA funding fee.

Interested in house hacking initially and as well interested in house filling just don't have the capital for that now, eventually renting out properties. looking to learn how to get funding to carry out my goals!

The game is to get you to pay for some type of fictional service to initiate the loan process.

The closing date is stipulated in the P&S agreement you have with the seller, so is the earnest money(minimal) and which attorney firm will handle the closing (your attorney firm)The assignment fee is payable by the buyer to you after closing costs are accounted forYou as a wholesaler are assigning the contract to the buyer who is going to step into your shoes as Principal to the initial P& S agreement with the Seller.