To summarize your post, the math for a first lien HELOC makes sense as long as you're disciplined and committed to the strategy.

His tone on the phone changed & he told me I was not qualified to say that & then he ended the call.The below summarizes the program & money they asked for, there were 3 levels of entry:30k gets you (12 private one on one calls with Peter Harris, 4 weekly calls supposedly as long as you are in the program) & there is also 20k & 10k entry points, each with less calls as described above.You split the profits with him 50/50 until you reach 1mil profit then supposedly they will pay you back the money you invested into the program. 

Showed a couple of youtube videos summarizing rich dad poor dad, then had the kids play the cashflow classic game online.

@Russ Mooneyhan, to answer your question, and summarize a lot of the responses below: No, there is no specific tactic that people use.  

But, that has nothing to do with legality...that has to do with a deed restriction enforced by the attorneys closing the deal.Now, for any REO contract that doesn't specifically include a deed restriction on the resale, there is no law being broken by purchasing and reselling the property, even when it's done at the same closing table.Now, let's summarize...You claimed it was "illegal" to wholesale REOs.

Summarize every conversation that isn't in writing and have dates.  

To summarize, I'd digest all the information, study the data and then access probabilities to each possible scenario, viewing it from the lens of your own beliefs.  

Great video, love the way it’s summarized.

I definitely have some rose tinted glasses on and am drawn to the idea of 'lifestyle investing' hence why I am trying to get more realistic/experienced advice here.Kathryn and Jonathan, if I had to summarize your feedback;-If it seems so great, it will be competitive -If it is competitive, I am massively disadvantaged not being local/experienced in the market.

First read all of the posts above and summarize what your take aways were.