Or if the larger deal you are buying has enough meat on the bone from a value add standpoint, you can force the apprecation by stabilizing expenses, pushing rents after performing improvements, and then refinance your new deal and pay off the hard money loans on your condos. 

Wholesaling is not real estate investing, it is mostly a marketing business. second, your concerns of legalities are legit and there are numerous threads on here about this topic, I suggest reading them and paying attention to the veteran and experienced investors, keeping caution on some of the other comments as many are self serving in this space.Here is the real meat and potatoes - wholesaling as a rookie is (in my opinion) even more difficult than doing a rehab flip.

However, moving home to teach isn't very appealing to me at the moment, not only do I enjoy my life here in Beijing, but the money is far better than what I could expect as teacher in Michigan.

You're right, things could be significantly more complicated for me at the moment.

The big builder attempted to muscle me at the end of the build, but I hired an attorney for a few hundred, and they sorted it all our with something I never though about.

Wish you well, and if I can be of value to you in any way, contact me at any time.  

Good luck and if I can be of value to you in any way, you are welcome to contact me at any time. 

I am learning that after 5+ years of doing that... it puts me at a loss. 

I don't have a lot to offer here, so I'll just throw in my 2 cents and leave the major meat for the LA pros.The key issues with Los Angeles are 2-fold- It is situation in California, which is both currently toxic to . . . wealth(?)

The deal doesn't scare me at all, this is super solid.