My experience has been that this is absolutely correct.  

So yes, correct, the borrower is the USER not the owner, the bank/lender is the "owner" right.

- How can I best estimate a breakeven point, and what techniques help maintain positive cash flow through all stages?

You are correct about that, but that's usually a computation and decision that an investor makes after a couple single-family homes or small multis.

Like you, i'd be interested if anyone here has any experience with doing this 'technique'. 

I believe that the ARV I originally thought was correct of 160-165k which after a cash out refi will get me my money back and then be about break even.

I hope I understood your scenario correctly.

Thanks Tim - yup you are correct.

When you set up your online foundation correctly, you become the obvious choice when they start searching for answers.This is how you rise above the noise and succeed in wholesaling.If you need a step-by-step blueprint on success wholesaling, just respond here and I will lay it all out for you.

@Nik Farooqui You are correct in that GC licensing is never a requirement but it is more of a "silent factor" that can make a lender more comfortable lending hard money and thus the approval and loan process easier.