Wholesaler,fee taker,etc. whatever you call it if I am the listing broker for my client and you come with the little to no skin in the game you won't be locking up any of my client's properties.If the client demands it then fine but most of my clients are somewhat sophisticated.What I don't like is that in a wholesale transaction the seller doesn't know the STRENGTH or CAPABILITY of the end buyer with these wholesalers trying to lock something up and then leave unscathed if it falls apart.This reminds me years ago when I did residential short sales.I would get calls from sellers who was contacted by one of these wholesalers or a regular investor.They would take all the sellers financial docs and say they submitted to the bank for approval.I found out papers were never submitted or the package was incomplete.The investors never returned papers to the sellers and the buyers were gone "like a fart in the wind".I had to come in and do damage control to fix things.Another classic is the investor gets the seller to sign a quit claim deed and then disappears and now the seller can't sell if they wanted to.We had a saying when we first got licensed as an agent.The head broker said "you learned just enough to pass the test".Now comes the hard part of learning your skill with a proper mentor so you don't "practice on the public".Then he said "you know just enough to be dangerous"So I feel just like new agents some wholesalers cause massive damage out there.We have our contract where the seller allows assigning into a corporation the buyer owns,assigning to another buyer,or not assigning at all without written permission and review by the seller first.I think wholesalers should pay a very hefty fee if they can't perform.They won't do it again and they will think very hard about the purchase price and not over valuing before putting a property under contract.There are a lot of wannabe buyers out there.A broker saves the seller time weeding them out.Purchase price,terms,deal structure means little to nothing if the buyer has a low chance of performing.I don't have anything against people with no money trying to get a leg up.I wasn't born with a silver spoon and had to start out small.Just be realistic and do not try to do a deal you aren't qualified for or have the means of following through on.Partner with someone more knowledgable who can guide you away from mistakes and help you.To one posters comment about we are all in this for the money.I would DISAGREE that that's the only or sole reason.I enjoy real estate on many levels besides the monetary aspect of it.There are many things I could do for money and I wouldn't last long at them for the simple fact that besides the monetary aspect they do nothing for me.

But I have locals, born and raised in Detroit Metro area on the ground who know the area much better than I do.

That is born from the setup, which takes a LOT of time if you have software with deeper capabilities.  

You know the funny and sad thing at the same time is if these companies spent as much time helping people instead of trying to trap them with false images and reviews they would be much better off.AUTHENTIC is what they should aim for and not DECEPTION.The first helps you long term and the other equals your demise.

I've been told to run a loop back from above the p-trap back to the drain line 5 ft or more away.

There is an opportunity cost for money trapped in assets that are not producing income.

There are simply too many people who believe they were born to watch and pay other people to do the work, too few people to keep the wheels bolted on the bus.

When you do, thats when you start making bad business choices, like falling into a Fair Housing trap.

You would really have to buy a rat trap in the worst part of town to try and get close to that.

Changing the facts a little bit: if the originally seller was not holding the property for rental purposes, rather, acquired it and immediately turned around to sell on financing, there is a potential tax trap here.