I was approached by a wholesale partner and flipper partners (whom I’ve done private lending for) of mine about me purchasing 1.5 acres to develop 12-16 single family homes on.I would be responsible for purchasing land and getting it prepped to build. 

I think you’r paying the price for shady wholesalers. 

There is a lot more to learn.Why do you want to wholesale in the first place? 

Investment Info:Single-family residence wholesale investment.

How many wholesalers you connected with?

I'm looking to connect with investors in the Boston and South Shore area. My goal was to get drafted for baseball, now my goal is to help others and continue my work ethic in real estate. I'm looking forward to connec...

Quote from @Luis Herna: Does someone here knows about wholesale contract for commercial? 

Yet, it seems common practice for wholesalers to use this contingency to back out of the contract simply because they have not found a buyer within the inspection period.

Another option is to do the BRRRR method, buying a distressed property from a wholesaler, direct to owner or even MLS sometimes, fix it up and force appreciation and then refinance all your money out. 

edit: to clarify, you said "find a deal then raise capital" I say yes, find a deal as a wholesaler, the first step.