So, I gained some insight here (which was the point of this post...I think)1) The majority agrees that wholesaling is a necessary evil (except for those that claim to be "professional wholesalers")...2) The only reason wholesaling exists is because there is a lack of licensed agents in the overall RE market to adequately meet the needs of investors (agreed and agreed)...3) Individuals ("investors") would rather educate folks to become good wholesalers through continued discussion of what not to do as a wholesaler so they can profit more in the future when they buy from them...?

If you have an adequate insurance policy, is an LLC really necessary for flips?

Make sure sure you have adequate coverage. 

Based on my personal experience in other areas (Rochester NY, Toledo OH), you will find similar problems if you buy without adequate, on the ground personal research and/or simply rely on the standard out of state turnkey model on which to build your REI dreams.  

My first property was purchased before the pandemic (adequate supply) and I think I spent 4-5 months looking.

Not a clear cut it should be this or that as you may have a different idea then another person of what could be considered a breach and what would be an adequate penalty.The best part of owner financing is that you can be as creative as you want, but I highly recommend having a 3rd party (lawyer/accountant) reviewing the contract extensively as to make sure it will conform to all legal codes for your area.

My problem is that I want adequate time to search for a home in a relatively fast moving Seattle market; and will need to close quickly when I do. 

If you do things radically and have radical income because of it a lot of buyers won't have the confidence they can do that as well so they won't pay you adequately. 

You can’t provide for your family adequately.

.- While I can manage 1-3 STRs (I think, especially if I live in or near them) and one sub-15 unit multifamily complex, I definitely cannot for more than this on my own, and still have my other businesses to run, and want to leave adequate time to devote to those as they are my only revenue sources (another reason why I'm interested in some more livable cash flow).- And i guess as a bonus, if you had this cash, what would you do to exponentially multiply it over a 100+ year period?