Those 3 questions will enable you to quickly vet the wholesaler and save time.

It's higher priced cash than a conventional loan and faster to obtain, thus enabling fast acquisitions..Fix the property up and stabilize it, get it rented, then do a cash out refi with possibly a. conventional loan to cash your short term financing guy out.There may be a seasoning period required by some banks.To summarize, buy with short term money, repair,rent, and then refi into longer term cheaper money, thus recycling your short term money to do over.It does work if you find a great deal,your projections are accurate,find the right partners, and execute quickly.Hope this helps, good luck.

And if you get down to 'brass tacks...' next to NOTHING the banks and their enablers have done, or are still doing today is actually LEGAL, but I'll avoid going there... or they might send a hit man? 

Good counsel will help you navigate the rules, enabling you to take advantage of legally acceptable work-arounds and steering clear of dubious approaches. 

It also enables you to make immediate decisions on when to cut your losses.

That will enable people to see what you're accounting for and what you might be missing.  

He's a musician, she had dreadlocks and they both worked as bartenders.

You have to buy the property at a price rent ratio (Purchase Price/Gross Rent Per Year) that enables you to cash flow.

Doing so will help you a) know how your investment is performing and b) enable you to substantiate your numbers on your tax return.

That money I can use to get my real estate business going.Being a self-employed musician is tuff with the big banks.