Does he understand, Deeds, Due On Sale, Insurance, tax implications, servicing, contracts and so on?

Assign a contract: This is where you get a property under contract and you "fee" that you collect at closing is for giving the end buyer the rights to execute on the contract.

Some have closed deals, others have deals under contract, and any progress (big or small) is celebrated.    

The whole wholesaling thing is 90 percent someone putting a property under contract to find someone to assign to pay more.

Your contract with them should spell all that out.

It's my understanding that REIA is decentralized, they allow almost, if not everyone to teach or give instruction at these meetings, I don't care if someone made a million of contract for deeds and did them for 25 years, they aren't experts today nor should they be teaching out dated strategies, which is what you'll usually find with old timers. :)

Start with a RE attorney, by definition, your contract is voidable, and do not forget the title company has some obligation in this as well.

. :-) back in the day and not a big deal flow.. and all land contracts on bare land.. to put it in perspective. :)

We got it under contract but then canceled the contract after some concerns with the foundation.

Why do they contract for rides on Space-X vs there own rockets?