There is no get rich scheme. 

HMLending can be an incredibly profitable business, but it is not a get rich free scheme either.  

It wasn't so much the idea of some old salty type buying cheap and financing, it was more about the predatory nature of the scheme.

My guess is your little scheme will never fly with GOOD Agents - and you don't want the other kind anyway!

What happens to the EMD is in the contract... and since there are agents involved whatever OP is dealing with will likely be governed by the scheme the local Georgia Realtor association stuck in the form contract.Of course, next time OP wants some other mechanism for EMD credit/default/forfeit/release to occur (certainly worth considering!)

Those companies have capitalized on the popularity of cable TV shows to sucker people into thinking they have the answer to "get rich quick" schemes. 

@Lee Self  exactly and yes its chump change in the grand scheme of real estate no question about that.talk to any of the wholesalers on this site and see if any will work for 1k or 1.4k.. 

Actually I found it safer to first of all vet the business model then the sponsor/syndicator You see anyone can pause or pretend or be actually a genuine business person/investor but after all is said and done the million dollar question is: how is my money invested and what is the security/collateral That ponzi scheme was based on no real estate security, it was based on a concept of lending hard money at high rates of returns.

In the grand scheme of things these repairs are all relativley minor.

also careful on BP you will get targeted for all sorts of investment schemes and many are usually beginners ... investor beware  :)