Besides the failure rate, wholesaling is legal when done right, but most programs teach you to practice real estate without a license which can get you in trouble. 

Quote from @Felicia Richardson: Quote from @Jonathan Greene: It's possible, but not always practical.

Although our license doesn't place restrictions on where we can practice, there is nuance to know within every state.

I have not reviewed BAM's fees but it's likely based on their representation of UNDER 10% "skin in the game" that most of their "investment" is taken from fees deducted from the money gamblers place with them and counted as equity in the deal; this is a common practice in the syndication industry. 

I have never dealt with an investor who didn't physically go to the property & most look up zoning regulations before even giving me an offer!

NOPE  these are not federally or state regulated loans or lenders they owe u NOTHING.

And in the modern era, real estate and stocks returned practically the same amount (within 1%).

The HELOC option seems the most practical, especially given my current rent level.

Keeping them in the loop could help avoid conflicts or complications down the line.Lastly, think about framing your case around fairness and practical impact.

This is not a great practice.