Weak and non-effective ethics/standards boards.

I do believe that there is an ethical way to negotiate these deals but there seems to be a huge grey area in between a good deal and predatory that is a slippery slope full of moral hazard and profit motive.

It is a GREAT program and the people really care about teaching you ethics/values and getting you ready.  

Yes, I have over 10 years of experience with over 100 different property managers in Austin, Dallas, San Antonio, and Charlotte.I'm not saying there aren't trustworthy and ethical managers out there.  

If it's not illegal, it's certainly unethical so the question here is DO YOU WANT TO DO BUSINESS WITH PEOPLE THAT ARE NOT ETHICAL?  

Some may be brilliant, some not so much.There are a lot of moving parts on this runaway freight train of wholesaling, no one teaching it or it appears even doing it is aware of the engineering involved, much less attempting to explain all the parts.Getting a license isn't a cure for wholesaling, the license presents other legal and ethical issues that a non-licensee is not exposed to.

A lot of companies require you to be a Realtor because it means you need to live up to a code of ethics higher than the standard of the law. 

There is an interesting ethical question here.

Thank You, Rick, I think that I might need to find an ethical and successful wholesaler in my area to learn more before starting on my own.

Develop a Power Team of individuals that share your principles, ethics, have your best interests at heart, and want to see you succeed.