@Daniel Dietz @Brian Eastman  Holy cow, your explanations are clear, but my understanding is a bit weak -- I will read through these multiple times to make them clear to me!

. :-)Also, it's not just about the money...Personally, my personality suits flips more than wholesales (I don't like marketing, and can farm this part out for retail sales but not on wholesales), so I'd rather do flips even if I made the same amount by wholesaling.Wholesaling is something I could do if I had a partner who could compliment my weaknesses...but barring that, it doesn't matter how much money I could make, I'd be miserable doing it on my own...That said, I think someone who builds a wholesale business in a well-structured and scalable way could do quite well with it...probably just as well as flipping given the same amount of start-up capital...it's just a different set of skills...

My word weakness is waht.

I have searched on line and the selection is weak.

Realize that, especially with the lease/option, you're in a very weak position and the seller could leave you out in the cold in the future.

With you just having e-mail communication that is weak and may not hold up in court as they could claim the e-mail message was altered by you or that they did not send the message.Really as a broker you should know to get everything in writing and preferably notarized when it involves money like this.

Condo boards are typically pretty weak but if your neighbor can prove you caused the damage to his/her unit they can simply sue you and you'll have to pay fees on top of that.

Sometimes you can get an exemption for a reason like new place is bigger, in a better school district, or job relocation, but your case seems weak to me.

The weakness was especially apparent in sales of newly built homes, which were 47 percent below the June average….

That is MOST Agent's weakness.