I'd really like to hear the opposing sides.

Also, they can't make as much commission on those kind of houses.Also, it has been my experience that wholesalers have "cash" buyers for their properties as oppose to having to wait on financing to be approved so there's a higher chance of their deals going through. 

You must look at it as what your getting in return (Knowledge + Education) as opposed to "giving" something up (50% of the profit). 

It went into specific details as opposed to the general salesly sort of stuff.  

I do this because as a investor I expect a minimum 10% return on my money and since it your equity that is actually creating cash flow as opposed to the property it would be negligent of a investor to not attribute a return to that money.

This is where a majority of my qualified leads come from, I'm not opposed to scouting other areas as well but at this point, I've only been focused on this area. 

Yeah, I’m having a hard time believing you want to cancel because you had some “potential extra risk”, you did agree to let them do some work, as opposed to you think the house is worth more now.  

The point I'm trying to make is, could you come to a new market and find a good enough deal to flip in a few months, as opposed to 4 years?

These contracts are facilitated through what is called "double deposit escrow", as opposed to a traditional escrow company. 

Yes i wouldn't be opposed to living in a unit, and no i'm not claiming that income on tax returns it's mainly for fun and AFAIK i don't want to and don't need to pay taxes i think