I won't take a moral or legal position on it, but personally I am extremely uncomfortable if there is more than one wholesaler involved in a deal (double- or triple-wholesaling).I feel that wholesaling is a delicate enough dance as it is, that having so many extra parties involved is just begging for one of them to screw it up.It also has a feeling of "find the bigger fool", and as the end/real cash buyer I am not willing to be the biggest fool in a chain of fools.And as you pointed out / implied, many of those "wholesalers" are very new, indeed.

However, the areas I am investing in I know extremely well.

Some condos and townhouses can be extremely profitable investments while others may not be at all.

Well, if you ask me, it's because humans are extremely short sighted.

Hello Everybody, My name is Nick and I am an extremely new to REI.

You didn't mention what your cash reserves are but I wouldn't recommend buying investment property until you have some reasonable cash reserves in the bank to handle any repairs that may be needed at purchase and basic maintenance over time.It also looks like you are based on Southern Cal as I am and it's important to note that the market is extremely tight right now and to buy right you have to pay all cash or at least have a substantial down payment.  

This has gone from an extremely user friendly forum to almost being unable to navigate it all now.

It's extremely simple and works so well!  

They could walk you through creating a scope of work.My opinion on college is, degrees are good but only if extremely inexpensive. 

I am extremely motivated to invest in a multifamily real estate. like I said any advice and or way of using math to calculate the profits and such forth.