No more foot in my mouth.

, the answer is "NO", because as the Licensed Wholesaler, your "duty" would be directly towards your end-Buyer, not yourself.So yes, I agree with you when you said "By that logic, you (the Seller AND your end-Buyer) would almost want to work MORE with a licensed wholesaler since he/she would have to tread lightly" - since Licensed Wholesalers are OBLIGED to receive no more out of the total transaction than what would be a normal Agents commission (otherwise it can be argued that they are KNOWINGLY stealing from the Seller).So getting back to the OP's premise of some Licensed Wholesalers making MORE than if they were listing - why should that be possible?...

The Trafficmaster specs say no more than 1/4" unevenness over a 10 ft stretch.

Steve, pretty much, no more hurry up loans, settlements will be postponed to ensure compliance.

Basically, your PITI should be no more than 36-45% of your gross monthly income (not the income from one of these units).  

Don't count out the bay area for appreciation.. there is no more land.. the economy there in that 9 bay area counties is probably larger that 90% of the countries in the world... fine minds flock there .. its a melting pot of very brilliant entrepreneurial people .I look at it more like a London..

If there are no more approved repairs it goes to principal paydown.

The property would need to be in your name and not LLC and you are limited to no more than 3 investment properties to be considered a casual investor. 

Now that I've told you how, you have no more excuses.

("Appraised" value is not a magic number; it's educated guesswork).Though not quite so profitable, if your desired cap rate seems unattainable by paying 100% market value, it might still be got, as long as you're paying the Seller no more than 80% of its expected value.