Even though you may lose out on some commissions and the agent may not be as responsive, there is a ton of education, regulatory requirements, and some expenses associated with having your license.  

Why would any able-bodied person not have a job for a whole year.....He is a LOSER!

--Here I am looking at their body language and to see how confident and knowledgeable they are about taking on the job.

White trim, garage door same color as the body of the house. 

You are correct that there are some logistics that you've got to pay attention to but that is part of the qualified intermediary's job -steering you through the regulatory maze.  

Similarly I want to have a body like Arnold Schartzenegger, but instead of going to the gym I'm sitting here reading a forum about investing, so I shouldn't be surprised when I don't have bulging biceps. 

If so and the test comes back hot, the state will then be involved... regulatory issues galore.

You will want to dig much deeper than internet forums or even the sales reps at most self-directed firms to ensure you have a strategy that will produce results without unnecessary regulatory risk or too much administrative overhead.  

I'm a bodyworker (Rolf method of structural Integration), a fairly obscure method of healing the human body, but I love it and it is what brought me to Utah. 

 I am wondering if any body has advice on preforclosures in the state of Texas thinking of trying to wholesale or are preforclosures risky business for wholesaling?