But if not, mechanical systems can get expensive real fast.

Seller warrants that at the close of escrow all heating, cooling, electrical, appliances, and mechanical apparatus are to be in working order, and the roof (s) to be in good repair and free of any leaks.4.

IMO, anyone with a system or program should be avoided, they are mechanics, you need an engineer to follow.You could really spin your wheels trying to follow a system as all deals won't fit in that category.

We intend to be around for a long time, and to help bridge the gap between the new crowdfunding mechanisms and the traditional capital institutions.

Ask another local wholesaler that is how I found my title/escrow company.Find a deal, then worry about the mechanics.

The key is for YOU to understand what you're doing and how the mechanics of the transaction will work.

I am a mechanical engineer by trade and want to generate alternative cash streams.  

I typically stick with 10% for cap ex and 5% for repairs and maintenance regardless of the condition (unless its a new build and all new mechanicals, or the contrary).For example, you may find that the cap rate in that neighborhood is 7% and you would find that the deal is not a good deal at all.

But if you go somewhere else for the mortgage, there's no more back end profits to them from the loan, so the house price goes up (via the mechanism of a lost "discount" or lost "incentive").

For instance if you are off on a missed $10K mechanics lien and your home is actually worth $100K, now your take home is $5K.