It usually takes a track record before people will commit to lending money prior to contracting or prior to presenting the deal, most won't ever go there with the average operator, so have your ducks in a row before you ask. 

So if the pro's think doing 1 wholesale deal a month making $5,000 committing 15-20 hours a week into it is a crazy idea, then it may not work, however if it is completely within the realm of possibility to make 1 or more deals a month part time then it would be well worth trying it for a year and see where it goes. 

I've read through the contract and will summarize here with simplified numbers (not the actual numbers) what I believe the contract says and follow up with some questions for you more knowledgeable members:1) Purchase Price: $100k2) Initial Down Payment: $10K3) Buyer pays seller monthly payments based on 30 year amort of 90k at 5% which is $484/month4) Remaining principal balance to be paid off on the defined Closing Date (roughly 2 years from now)5) Buyer pays taxes and insurance6) Buyer to provide Seller a Loan Commitment from a Lender on or before the Closing Date7) Seller will transfer Deed when Buyer pays full Purchase Price8) Buyer will pay the Seller's existing monthly mortgage payment that exists on the property, which is $100/month, directly to the bank.

Fifteen dollars is very little money for a tenant commitment.

I would certainly do the due diligence of having an inspector check out property before committing to anything to get a full scope of any issues needing to be addressed. 

Just keep at it and commit to learning everything you can about REI.

Anyone can get there with enough hard work and commitment to a goal.

On the other side of the coin, if all things have gone well during the interview phase, the customer has to be willing to eventually make a commitment for the amount of time that salesperson has invested. 

So if after 2 months the house gets turned into a rental property did you commit mortgage fraud? 

I have cray work schedule and try to commit to the Thursday FFRIEA meeting but don't have a chance to get to Rebecca L.