It's very hard for them to grasp wholesale real estate.But excellent strategy.  

I am just trying to get a grasp of what to expect when they respond.

I am putting this out in hopes to 1) Help anyone else out there who is trying to grasp these ideas as I was before, and 2) Open myself up to constructive criticism from the wealth of more experienced flipped out there that are on BP.I will try to be very prompt with answer questions, comments, advice or recommendations. 

I think you need to grasp this concept.

Owner financing is an easy concept to grasp when you treat the owner (also the seller) as the bank.

I feel that I have a good grasp on how they work ( the Financing structure, the funding of the Repairs into the Loan, Interest Rate, Points, Seasoning Period, Down Payment, etc. )What I'm still unsure of , is what is meant by a 5 or 7 year ARM ( as the Initial Loan that you get when you use a Portfolio Loan from the Get Go , But then after that time is up ( the 5 or 7 years ... depending on which ARM you went with ) , how then does the Financing , and More Importantly my own Personal PITI on the Property get effected, by me then having a 15, 20 or 30 year Conventional ?

I am having trouble grasping the general idea of wholesaling.

Finding, running the numbers, buying, and, to an extent, managing property I can grasp with little issue.

I recommend reading a few books, and talking to a few lawyers to get a grasp on what "fair" is when you move up to structuring larger deals...A great but overlooked book is "The principals of real estate syndication" by Samuel K Freshman.Good luck!

My last question is what language do you include in your yellow letter" to grasp owners attention - my purpose and intention is to inform said owners that I will buy their home for Cash, quick close, no appraisal and no hassle.