How does the wholesale process work for an end buyer?

[Derek T.]

How does the wholesale process work from an end buyer (rehabber's) perspective? I was trying to find a step by step guide but I really couldn't find one. Once the wholesaler and rehabber agree on price what is next? Is this the process......

-Agree on price
-Wholesaler sends an assignment contract for you to sign or you send a contract with your buying price and language
-You put EMD into an escrow account
-Do a double closing

Is that basically it? Do they normally allow time for rehabbers to do their due diligence with an inspector and title company to run the title? I need more input to help me understand the complete process from a rehabber's viewpoint. Thanks.