If you did, you'd simply close with one of them and then move on.So, go get some!

Geez  I would be talking to your HML right now as I doubt they want to take it over.and try to get a workout with them ASAP.. sounds like its going to be  a loss anyway you cut it and I have to think you put up cash for a down payment as well. maybe someone else will have some pearls for you.Wholesaler is going to low ball you for sure.

So I have been researching making an extra principal payment every year and how it will cut down your mortgage to between 21-23 years.

Pencils have been down and large investors have been focused on cutting costs, increasing renewal rates and improving operations.

No, you said how does one find a "deal" without a wholesaler, it's very simple, you simply put in the work to either (A) be found by these sellers who are "deals"     -OR- (B) you approach them yourself. 

This is a tough business but if you want to try I recommend either simply contacting the local tax sale office and ask them what the process is.

but it sounds like your mind is made up on this mentor.. flipping right now is a pretty tough gig for a beginner depending on market. very low inventory then sky high rates for your buyers. so use caution be careful also make sure you have a GREAT RE Broker who knows the values and what you should and shouldn't do in the rehab to maximize your returns. these things are very market specific U simply need to make sure your matching what is expected in the market you choose.. 

What has brought the most ROI is simply talking to people (people I know, and also strangers), and helping. 

The part you are missing is if that claim were to arise why wouldn’t the plaintiffs attorney simply list the deed holder in the claim?

AS a HML I have seen this play out with investors that drink the sub too coolaid and are simply not financially capable to handle issues when things go sideways.I have also personally bought over 100 sub to deals in my career..