my view of the economic world is pretty pessimistic.  

Quote from @Adam Macias: Wholesaling as it is today will be a thing of the past.It’ll truly be strange to even hear people and gurus trying to make big money off it.The more people try wholesaling but then end up not having an end buyer or cancelling contracts or trying weird things like novations, the more all of real estate will be regulated and cause requirements like licensing to be able to transact more than just your personal resident purchase.Which I don't know why hasn't happened sooner.Here's all the states (in red or yellow) requiring a license to wholesale or at least have started the process:Credit: REITipsterI think licensing and regulation is a beautiful thing that should happen if you plan to be an wholesaler and do more than one deal... which is going to be the case for anyone taking this business seriously.Or even it being regulated to need a real estate agent to do more than one deal outside of buying a personal residence.I've had plenty of failed attempts with agents in pursuit of wholesale deals and I know exactly why, it's not because the agent couldn't find me deals, it's just not practical to think there's opportunity for the numbers a wholesaler needs to make a profit on top of everyone else needing to these days.Because the only sellers who truly can sell at a deep enough discount are usually those who ran out of time and just didn't do something sooner with their situation.I know many coaches and gurus will disagree with me but there’s no regulations on youtube gurus and what they teach either.If we look at the current state of the market in hot cities, the availability of online resources to the average homeowner, how many deals can you possibly believe are available at 70% of ARV?

I would consider adding loss of rents coverage.

You are investing a lot of money & using a lot of the built up equity in your livelihood to be passive about it.I know this may sound pessimistic but it's more to make you aware of the reality.

If you live in the home for 2 out of the past 5 years and move out of state you may be exempt from the tax.  

I think the economy has a number of diverse employment options, lower prices than King County while still being within driving distance.  

The housing crisis saw record numbers of foreclosures of single-family homes in Maricopa County in 2010.

Skip the pricey coaches for now, there are plenty of free resources like here on BiggerPockets and YouTube.

Translation: your client cheated the IRS and the states.

Getting the “I need to think about it” response?