On the bad side, Wholesaling is a frankly new industry and falsely advertised by gurus as "easy money", most wholesalers are 1man show and work on a deal by deal basis with no structure and without building any long term relationships, part of our focus on convenience is translated by our transaction coordinator, transparency and weekly updates until closing, we provide moving/relocation services, lenders, credit repairs and insurance referrals. 

Most members have keyword alters setup for city and county so they will see your post.

“Gross commissions” paid out don’t translate to that agent/brokerage making that amount.

Translation:  Buying properties for almost nothing while maximizing cash flow now and profit within about 5 years or so.

Everything is considered grandfathered in to their current zoning unless you alter it then it must be done to the new zoning. 

That translates to possible plumbing, foundation, electrical problems in the future.

I started a member blog with terms of the BP Glossary translated into Spanish. 

.#1 - Do not panic and alter existing investments. 

Conventional loans must always meet either Fannie Mae or Freddie Mac's guidelines, which means you can get creative in how they are structured but all of your creativity is limited to the guidelines which can't be bent or altered regardless of lender.  

You are probably asking this question b/c you think FHA's 3.5% down purchase translates into being able to do a cash out refinance that leaves only 3.5% equity in the property.