For those who didn't feel like reading my really long-winded response above, let me summarize here...

To summarize, it doesn't sound like a must have for you but I certainly would never do a 70/30 split on my own deals.

To summarize, I need a ghost writer!

My takeaways aren't going to be news to anyone who reads the wholesaling forums, but I'll summarize them anyway:Wholesaling is a volume game - get a large quantity of letters out there with quality copy and you will get callsWhat you do with the calls is just as important as getting the phone ringingWholesaling is a lot of work, this is NOT passive incomeI think the reason people say you need repeat mailings is because it appears that way, in reality though, I think people get your letter and hold on to it, and may call you 6 months down the road from a piece you sent long ago.

Bill did a good job of tersely summarizing Dodd Frank in general.  

I will summarize that details here for everyone.Neighborhood class :BProperty Type: SFRProperty Management Fee: $95 per month regardless the price of the propertyProperty Management: In HouseMarket: Suburb ChicagoAverage occupancy: 3 to 4 yearTenant Type: Blue Collar workers with familiesRenovations: All the big ticketed items + cosmeticsCash on Cash Return: Using BP calculator with very conservative number - 8% Vacancy, 10% Cap EX and 10% Maintenance, we know we can get a property from their portfolio which will generate double digit returns.Finance: leverage with 20% downProperties to property manager ratio is also impressive.They do have eviction experience.

To summarize, we paid $700 (not including gas, hotel, or food) for an "education" seminar only to be told we would not be "educated" at that seminar.

If Seller is unable to provide rental history then Seller must provide tax returns from previous two years as to verify rental income of the property. 3.Year to Date Profit and Loss: Seller must provide a summarized financial statement for 2011 and a year-to-date summarized financial statement for 2012.

I would take zero business advice from his books, as mostly all he says is (I'm summarizing) save your money and make it work for you, don't be poor... well duhh!

It is not appropriate to summarize and distribute all the goodies in the book (although MikeOH more or less does that every day here on these boards).