Start by looking in the mirror...You and I both know very well why ... don't pretend that you don't.

Something about banks not trusting or believing that a Investor would want to downgrade and is only pretending to move to take advantage of the 5% down payment. 

The calculator link he provided is even trying to sell you "Essentials Education" and pretends like it's an investment.  

Most folks like to pretend that it just doesn't happen. 

Now my question is, when I'm done rehabing it and want to pull cash out, should I just pretend that I don't own a house already since it's  not showing?

One of the best things (almost nobody does) is to spend a few hours and mystery shop your competition - pretend you are an interested aplicant and call, ask questions, see if they do open house type showings.

We like to pretend that we are emotionless financial robots, but lets be real..

The initial training is a 12 week program where each new investor will be told to set up an infrastructure of a legal entity, business cards, phone numbers, web pages and miscellanea, to pretend to be a real estate investor, because all this, will not really make anybody a real estate investor.

I don't see any licensing or compliance information on their website, which is the first thing I look for when a HML calls/mails/etc for my referral business - I'm checking out their website while politely nodding "uh huh" to their intro pitch, and just hang up if they aren't even bothering to pretend to be compliant.

That's all wholesaling is as it's taught in these programs, it's brokering real estate except instead of being up front & telling the distressed seller that you'll sell their property for X amount & take X amount as your commission / fee you are taught to lie to the seller & pretend you are going to buy the property while you secretly attempt to "assign" your contract.It doesn't work.