Working with wholesalers feels...unsustainable. Am I wrong?

[Corbett Brasington]

Building a real estate business where a significant part of my business comes from wholesalers feels unsustainable and here is why:

- They have no legal responsibility to anyone other than themselves, not the buyer, not the seller.  They actively prohibit you from having access to the property until close once you have but money down and are under contract. (b/c they don't want you to find anything or have any way to back out).

- They create a "crazy circus" to get the most for the property without allowing enough lead time or prep to do proper due diligence.   What seems to be common is something like "highest and best" properties that come on the market and go under contract in less than 24 hrs.  That is not enough lead time (by design I am sure) to get GCs, or engineers, or inspector or any of those people there consistently to do the due diligence on older homes.

- When you make reasonable assumptions based on the years of the home, like its built in 1920 so the cedar pier foundation and the sewer all likely need to be replaced, then your numbers never work. 

- The lack of lead time make its nigh impossible to evaluate if you have a normal day job.

I am sure there are deals that are good, and there are reps who are ethical....but by in large it does not feel like a sustainable or practice "leads funnel" for building a sustainable real estate investment business and I would rather just completely ignore the use of wholesales and create my own marketing efforts for off market deals where I CAN do the proper due diligence.

Is my opinion of wholesalers as a reliable and time effective way to get investments properties while properly being able to reduce risk on point or am I missing something?