The Bay Area is so physically obstructed, median incomes are so high, and rental vacancies so low, that it does not appear to be remotely close to the trend line established elsewhere throughout the United States.

It's hard enough getting a 'standard' deal to the settlement table at times; a Realtor that does not have a good grasp of wholesaling and a relationship that is established and PROVEN with an buyer that engages in such is NOT going to want to have anything signed by anyone but the end buyer.Everyone's comments about why pay a fee for something off the MLS... perhaps the person has locked up a HUD listing who has time to data mine and has watched and found something that is actually a deal...

The end goal is to establish a solid foundation for the beginning of my real estate career in the years to come. 

Then I'd be on the lookout for established wholesalers and investors in your area that pop up from your keywords.

Borrower shall occupy, establish, and use the Property as Borrower’s principal residence within sixty daysafter the execution of this Security Instrument (or within sixty days of a later sale or transfer of the Property) and shall continue to occupy the Property as Borrower’s principal residence for at least one year after the date of occupancy, unless Lender determines this requirement will cause undue hardship for Borrower, or unless extenuating circumstances exist which are beyond Borrower’s control Borrower shall notify Lender of any extenuating circumstances

I see nothing wrong with Phil asking for the money if he is trying to link together with other well established investors from around the US, but that does sound kind of steep for someone who is more than likely just getting in the game, as his training courses would attract new people rather than established investors, who really do not need training usually. 

Bayview is an established Servicer of course, and I'm guessing they know what they're doing.

Pretty much designed to introduce people (with or with some money) to jump in and be a part of a network established by brokers or dealers in their system of trading notes/mortgages.

It is also possible to get a good deal with "low" or no money down but you really need to focus more on being able to establish what is and what is not a good deal instead of what deal can you get into for low or no money down. 

Upon further review I decided to have my property manager take care of it, since they use established contractors, and 1099 them already.