But the often shady and unethical practices from the majority can undermine the credibility of the wholesaler and harm the parties involved in the transaction.Enough of an outcry over the years by people that have been defrauded, has initiated  changes to the legality and abilities of a wholesaler to sell without owning a portion of the property for a certain amount of time or limiting the amount of transactions you are able to have without a real estate license. 

Other than the no money down rhetoric without citing specific examples or education I like Joe's OP and honestly think he didn't mean any harm.  

No harm no foul just not a good fit.

Or even more laughably, it's the white people in the majority that are routinely and harmfully discriminated against?

This can harm your business as no one will know where to find you.As for getting started...talk to EVERYONE!

I've heard of it in stories, but even in those cases I've heard the lender allowed them to transfer ownership back to their personal name, no harm no foul.  99% of the time they never realize a non-sale change in ownership and never check, or perhaps they just never care because the payments are still coming on time every month. 

My current 1 year plan is this: Use the savings I accrue over the next ~6 months from my Software Engineering position to make a down payment on a 2-4 unit multi family property within a 15 mile radius of my workplace (Shelton, CT), and house hack it!

No harm in consulting with one or two more.I happen to agree that all the eggs in the basket, at our age, is just as scary a proposition as another market correction/collapse as we near retirement.

You may be actually causing harm.

I don't see the harm but many times BP deletes these type post unless on marketplace.