If you think you will be able to make a living off of pre-foreclosures without knowing the laws in your state, and how to talk to someone in this predicament, you are mistaken.Wholesaling is not a get rich quick scheme.

It's called mortgage fraud and was a popular fraud in the last housing crisis.Cash-back schemes: Occur where the true price of a property is illegally inflated to provide cash-back to transaction participants, most often the borrowers, who receive a "rebate" which is not disclosed to the lender.

Reading between the lines when you describe this as a "work from home" type of scheme, I am thinking you are trying to get into the guru business and are looking for a "hook" to sell to people.I think all the reasons that this has very little chance of success have been given here already.Bu to be in the guru business the idea doesn't really need to work, just sound good... so go for it.However if you really think it is a good idea and think it genuinely can work to make money, simply do it once as a "proof of concept" and then you can say you have done it, use it as an example and run with it.

I know that in the grand scheme of things it doesn't seem like that would determine what neighborhood to target, but I believe it does. 

The home nspection is a very small cost in the grand scheme of things so I suggest you do not skip that step.

My scheme is to buy low replete work myself up financially and credit worthy. so i can do more deals..thank to bigger pockets i can learn from these forums. 

I have a thick skin & unlike many millenials- bitcoin or quick money making stressful investment schemes including stocks (without solid research - analysis & a guide or mentor) hasn’t really been my thing.

I'm not looking for a shortcut, or a GRQ scheme, no bootcamps or overpriced seminars.

(in seller financing I think he already gave up his Long term cap gains rights)It will be interesting for others thoughts on your scheme.

@Zach Morrow buying with all cash every 10 months is a sure fired money making scheme.