I would add:Over-leverage: seeing people get owner finance and someone to toss them a total of 100% financing plus the costs of renovation sometimes crushes them even if they come in on budget and have the right ARV as they miscalculate the time it takes to sell as well as forget about all the other costs involved in a real estate transaction.

It’s really good to have a set of eyes (you and/or a bookkeeper) to make sure each transaction is going to the right LLC and/or property and is accounted for properly.

If so, I'm assuming you write a check directly to the wholesaler and they are out of the transaction?

As brokerages compete to recruit agents, "transaction fee's" become the outcome.

For transactions like this, the Real Estate Excise Tax (REET) in Washington typically depends on the property’s value and may be progressive.

However, the MLS can do much more than that.You can ask your real estate agent for a list of all-cash transactions over the last 90 days.

Then when things go to hell they walk away and pretend they had no involvement with the Property Manager even though they facilitated countless transactions positioning themselves as the owner. 

There are so many people involved in a real estate transaction and it's important for everyone to work together so that the transaction actually closes, and closes on time.

Spend LOTS of MONEY on mass marketingThe "rate locked affect" is limiting a large portion of the market and stopping transactions from happening.

Or am I expected to have that broker work both sides of the transaction?