The Legal issue with wholesaling revolves around 3 things: Intent to buyAbility to buy Negotiating on someone else's  behalfYour intent should always be to actually close and then resell but there are situations where an assignment is the most logical decision for the buyer; for example, let's say you tie up a property but another more promising investment comes along and you have a limited amount of capital, in that case an assignment would make sense...I've seen these things play out in court so I'm speaking from the perspective of someone who has actually seen a "Wholesale case" litigated. 

High-quality fake IDs that cannot be detected by the naked eye are readily available to criminals.

Most important thing I can think of is to note the letter does not constitute  a promise to purchase.Let me know your thoughts,Thank you.

How do I bring in a lender as a partner and promise them a 10% return on their money WITHOUT putting the property as collateral?

You will need to take their application and run the background/reference checks before you know enough to make a final decision, but it looks promising to me.

So far the area looks promising.

I'll need to obtain clarification.I am a note investor, and only reach the point I am now, when the borrower either doesn't communicate or doesn't keep their promise on the monthly payments.   

@Tim RostroKeep your head up Tim it will get easier I promise .

This class will help you overcome the confusion and I promise you'll beat it, I never would have passed that test on the first try without this training.

This person targets those looking for funding and promises rate and terms that do not exist or are too good to be true.