So if you have 100k out, at 12%, you're paying $1,000 in interest per month with no principle pay down. 

These are professionals with additional training and a stricter code of ethics.

He used his youth and the principles of the "snowball effect" to create generational wealth that can still be seen today with modern manWho was the first landlord?

@Paul OBryan, after researching this issue,  I don't see an easy or ethical way around California's unreasonable definition of doing business in the state. 

I understand the principles of Wholesaling, but need to save up some money for marketing.

I personally am huge with Freedom to Choose-https://freedomtochooseproject.org/We go into California prisons and work directly with the inmates, teaching them spiritual psychology principles that help them see their own worth, help with forgiveness, anger management, making them generally happier, etc.

If you use borrowed amount, interest rate, and term - you can check the 'principle balance' FCI is reporting with your own amortization schedule.

How investors can legally and ethically engage in wholesaling:These guidelines are designed to protect all of us from scrutiny, investigation and possibly worse.

We’ve had to take over a lot of crazy situations since we have so many turn key operators of varying levels of ethics in our market.

Very hard working and ethical.