Others may not like this, because allowing you to do this will inevitably give you the lion's share of the profits.Different folks, different strokes.

If you are talking debt service then you would only be breaking even until about 30% down, and then you're looking at 2% returns.Making plenty of assumptions here, so you'd have to run your own specific numbers to truly know, but in broad strokes this investment ranges from "meh" to "might as well invest in a CD".

To me it shows no morals or ethics whatsoever.. to even think this is OK.. just gets me.Like you I built a substantial sub too portfolio over the years.. but I also had more than one called.. and we stroked 100 to 300k checks for them.. there was a group here in PDX I think they got this from rich dad or another guru that came through town they did about 30 of these long term sandwich deals. and one by one the buyers flaked.. sub prime borrowers no matter where they are what they are .. are a big default risk.by the time they got to me  14 of the 30 were not paying.. and of course in our area mortgages are in the 1000 and above range.. and they are making their 200 a month delta.. but when you have 14,000 a month negative.. hostile owners of homes that know it takes a year to boot them.. and the folks you bought the house from are screaming.. ( many of these folks the credit was fine )  it was a cluster of epic proportions.. calls to AG to DA  come to Salem for a hearing..

so am I understanding this correct1. sherrifs sale you are winning bid2. you put up 43k non refundable to sherrif 3. you have a certain amount of time to bring in the rest of the funds. 4. you bought this without having enough cash to close5. your relying on a lender to put up the balance of the purchase pricenow out our way HML will give money at the sale and then do the loan after the fact.. you need about the amount of equity you have put into it.. they charge a  bidding fee on top of HML fee.I think you should be looking for an equity partner who can stroke a check then refi when you get control... that's a weird way to buy sherrifs sales.. most trustee or sherrif sales I have seen its cash on the spot day of auction or next day latest.Its what I love about RE in the US no two states are the same.

People use the word 'wholesaling' to broad stroke any deal where they are assigning the contract for a fee.

My grand pa used to have a saying "different strokes for different folks" Let me know if this answers your question..ThanksDerrick

Each of these markets have different macro economics, so depending on your focus one may suit you more than the other.Indy - blue collar, stable job marketTampa - white collar, middle class, militaryMyers - retirees, vacationersIn terms of cashflow and appreciation I'd rank them like this-Cashflow 1- Indy 2-Tampa3-Myers Appreciation 1-Myers2-Tampa3-IndyAgain, these are very broad strokes but may give you a starting point.

I learned the hard way and would like to help prevent you from making an expensive payment so large.lBefore my brain anuerism and stroke took me away from a local company that makes emotional sales.  

Additionally, I learned a great deal from them and I'm glad I went to their (free) presentations.Some people probably do it to stroke their own ego, but I also think there are some people out there who really do want to give back.

@Kyle Kovats  having been around the SFR gurus for 20 years I can tell you that why people don't recommend training is that in the SFR space or wholesaler space. .the fall out is super high.. and the folsk that sign up for it many times are putting the 40k on their credit cards.. then really are not ready or capable of transacting and just end up in massive credit card debt.. that is why you get the negative feedback on paid for real estate education.I would think on the syndication route.. those that pay for training have advanced real estate knowledge already.. can stroke a check no problem for the training..