It is punishable by a fine not to exceed $250,000 and/or a prison sentence of not more than two years."

And for the rest of your sentence, "...this sounded like a great model and in no way resembles what others are describing on here as wholesaling."

In just your third sentence at the top though, you noted you also own a wholesale company.

You said that purchase cost is applied before you apply the building percentage in your first sentence (which version 1 does).

We already know we will be successful and are ready to make this all a reality.A Plan…FIRST 30 DAYS WITH OUR TEAM1.We refine this list and add details.2.We will sign a partnership agreement with clear understanding or roles, responsibilities, and rewards.3.We will make 100 offers on properties on the MLS.4.We will have at least three funding options.5.We will have 100 leads from outside of the MLS.6.Meet regularly and share knowledge.7.From those first offers we will have one real deal to look at.8.We will stick to our numbers and analyze the deal.OUR FIRST DEAL1.Meets our numbers and close in less than 17 days.2.We will have rehab plan3.We will begin to market home for resale4.We will deal with the first unforeseen issue and move past with knowledge gained and a stronger team.5.We will close on the home quickly after we list it.THE NEXT THREE DEALS1.We will be completely freaked out from being in our first deal but equally charged up to find more.2.We will be able to move faster through our areas of responsibility3.We will begin to finish each other’s sentences and we have trust in the team.4.We will begin to refine our systems individually and as a team.5.We will close three more deals and take away knowledge and improvement from each of them.AFTER THAT1.Some of us will grow and move on.2.Some of us will take lesser roles3.Some of us will feel very comfortable with each other and formalize a company that is doing 5 to 10 rehabs a month.4.We refine our actions, write it down and repeat in another area, maybe Santa Clarita Valley or the west side.5.We have truly changed our lives in a positive way.Well thanks for making it this far.

Otherwise, they might have just gotten out (and even with 10 years mandatory sentence for drug dealing, that could still be the case) ...

You have quite a bit of broken sentences so I am having difficulty following what you are trying to say.

Did you mean non-performing in the first sentence above?

I was really hoping for one of those buying techniques I read about on here where I'm lost by sentence number two.

I absolutely agree with your last sentence but any newbie wholesalers out there reading this post dont get it in your head that you need money to do deals.