Quote from @John Williams: Has anyone been on the lender side of private money and had a bad experience that they are willing to share?

The below is not legal advice and you should hire a lawyer with past subject to experience. 

I'm looking to not only share my experiences but also offer my services to those who might need them.

It's heavily dependent on the types of properties and the effectiveness your processes and systems.If you don't have systems and processes in place, you may struggle to manage 30 on your own.

I can see the OP giving this a shot.. but it is risky he could end up making a few bucks and getting experience might just break even or he could take a loss.. that margin is very thin in markets that are not selling as soon as you get CO  thats been one reason we have been profitable very few homes have been carried past CO so financing cost are at a minimum.. you hold a spec home 6 months past Co and every month your losing money you will not recover.

Your opinions/experience on this situation are greatly appreciated.

From my experience, you can use that savings to house hack with an FHA loan, invest in a turnkey property in a more affordable market, or even partner with others to expand your purchasing power.

Quote from @Jay Hinrichs: I think so at least for the ones we read about on BP..I had the same experience total loss on multiple syndication deals So I am feeling pretty good about how we are doing..

One thing though is that there are requirements coming into effect soon where wholesalers will need to get their license in PA for any properties that they wholesale, so you might want to look into that before it becomes official!  

AS you get more experience you will learn how to screen better.