It's more involved than that, of course, but that is a simplified explanation. 

With the 5% down we only get a $730/month cashflow (again, this is simplified to not include cap ex, management, etc). 

I believe there are other ways by giving the property away to a non-profit, but I don't know the nuts and bolts for that.The 2 examples above are simplified obviously. 

Yes my team of 16 investor focused agents, Doug Mercurio a real estate attorney and partner out of North Reading, simplified Management as the PM, and JDCU for financing

Yes my team of investor focused agents at Candor Realty, Attorney Doug Mercurio, Simplified Management, Prime Insurance, and Jeanne D’ARC Credit Union

If it's a cash buyer the process is immensely simplified, obviously. 

This simplifies receipt and tracking.

When you fill out your tax forms moving forward, there are forms that show a simplified P&L for each proerty and Uncle Sam wants tax on the profits, at the rate of whatever tax bracket you are in. 

Obviously the above example is overly simplified, but if you understand the principle that I'm trying to show, you'll understand why its is such a great strategy. 

But if I had to simplify the concept of wholesaling in 5 steps 1/ Network with investors and build your buyer list2/ Advertise to distressed sellers and build rapport3/ Lock the deal with a Purchase Agreement 4/ Assign your contract to an End-buyer5/ Coordinate with the title company the Seller and the Buyer and get paid You get paid the difference between what the buyer is willing to pay for and what the seller agreed to sell for.Hope that'll help, good luck!