In this scenario, is the wholesaler "harming" the owner?  

@Michael Gayer Jr, no harm in asking.

He does a short webinar with lots of fluff and little substance.

If you want to know what happened, why not pick up the phone, call the listing agent, and ask ... they may not tell you, but no harm in asking, right?

1) likely no harm in waiting 30 days or so, since they're over priced2) most FSBO's are open to working with a buyer's agent, particularly if it's been listed for a few weeks or so.

So, before you go drafting your own version you should confirm you're not doing yourself more harm than good.

I'd say there's no harm in placing a bid.

However, there's no harm in multi-tasking either.

Take the time that is necessary to develop the substance before you attempt printing cards.A poorly developed business concept shows in your card: no real business name, no "what I do" statement, no legal entity, no fax number, no company web site and just a random gmail address. - All that shows you are a rooky.Until you have established and developed all these things I would go with less is more and just do name, phone number and email.

This can obviously change depending on how the arrangement is structured and substance rules over form.As has been mentioned if the lender fails to participate in the upside it is unlikely this can be called "profit" under the Howey Test either.Gene Trowbridge has issued all sorts of advice on this.