I need help to understand the whole sequence of events that happen in wholesale and what a WHOLESALER should do and what not.

You will also provide the whole amount if you plan on repaying the loan in full beforehand.  

While cash flow may be harder to achieve here, these markets often shine in their ability to withstand market downturns and provide solid appreciation over time.The key in markets like this is understanding your goals.

Because I did everything wrong, started with basically nothing and STILL achieved financial freedom, I know for a fact that anyone can do what I did. 

I've lived here my whole life and have really seen a dramatic change in this amazing city. 

Both miss a whole lot of logic that needs to be there in order to represent the full scope of the picture.

Two things not covered so far:1) If a buyer challenges a seller-financed transaction, the Dodd-Frank penalty is that the lender must make the buyer whole.

You are basically doing a flip first, which requires a whole different set of skills.)So, with $50k revenue, if you hire a PM, they charge 20%, so you give up $10k right away. 

There is really no way to "vet" guests without the whole deal getting really cumbersome.

How did you achieve this type of cash flow?