I believe I make MORE money by charging less in large part because of the reduced vacancy.If you can keep tenants on average a couple extra years and basically eliminate a 2 month turnover you have gained 2 months rent.

I also agree with JD Martin-if you are using other people's money for basic things like a down payment, is it because you don't want to risk your own money (then why is it okay to risk other people's money) or because you don't have any money (if so why?). 

Please note the information provided below is a layman's definition designed to provide a basic understanding for the general audience.

In Madison, and I assume your market, we have always had discount broker options to basically just get your listing on the MLS and not much else as well as sellers just exposing it to the market themselves off the MLS and hoping to maybe pay no buyer agent commission, where the buyers have no agent they are working with or the buyer agrees to pay their agent directly. 

Basically if you can qualify for the 3% down conventional program and have decent credit you are typically better off going that route but that program does have income limits that depend on where you want to purchase. 

@Mary Umoh, have you looked at the basic financials of this conversion?  

Basically, if you're an LP, you are the BANKER. 

Wholesaling is basically all a loophole in reality.

I suggest when unsure and don't know, get back to basics.

It will familiarize you with the basic terminology and benefits.