They should only call or knock on your door if there's a true emergency (life, flood, or blood type stuff).

The above is true UNLESS as second lien holder you have an INTER CREDITOR AGREEMENT with the first lien holder.

That's when I became a true believer!

Is it true cashflow or phantom cashflow? 

If they believe this is true, why would the seller give you anything?!?

In one case I game them a percentage based rent for a year as well (covid), then reverted back to the fixed lease afterwards. 

@Rene Hosman I can't emphasize enough that the true value of the sprayer is doing ceilings and doors.

Wholesaling isn’t my game, but I leverage my network to support others because their success is my success.Shifting the conversation to value changes everything.How are you creating meaningful connections in your deals?

Are others playing the long game and hoping for appreciation or is there something I’m missing with the economics of North Jersey?

I'm guessing you are the buyer, but I don't see how even if true this would affect you.