Once you have the hang of wholesaling then you can decide what you want to do after that weather it is rehabs or landlording.

I've run across deals that have 50%+ equity in them and frankly I felt like it wasn't a good business decision to let it hang out there.

- Example: say I have a tree that is rooted in my yard and I hang a birdhouse off a limb that hangs right over my neighbor's property line.

Welcome to the forum.Now on to your questions.I get the feeling that coming from a "technical engineering background" is holding you back.Okay you are going to have hang on a little with this one.If you are coming from a technical perspective then your idea of clearly communicating the truth to someone is going to be full of technical detail that I would guess will mostly confuse and complicate the mind of a normal seller.

If you have some experience, some assets, and/or good credit, they may give you a little rope to see if you hang yourself or not.

Either 100% commish with desk fees (after all there is still the hassle of hanging the license and dealing with all those forms, issues, etc).Or,Something like a 70/30 split with teh BROKER taking 30, up to a set CAP.

Hang in there and learn something new every day.

You become, more often than not, like the people you hang around with the most.

You'll learn alot by hanging out here, I promise.

hang in there - start investing your time into educating yourself.