Not wasted effort.

It sounds like he just wants to genuinely help the both of you succeed in anyway that is necessary, given the fact he essentially brushed off the idea of a partnership agreement.

I don't have a huge list, but I'm certain my list will continue to grow with little effort. 

If I have to educate someone on how the process works and the benefits, I then set a two Turnkey minimum to account for the effort it takes to get the newbie up to speed and successful.

It takes more effort on my part but I’ve received 13 leads from around 500 mailers, which isn’t too shabby.

When you invest with your SDIRA, you cannot indirectly of directly benefit from your SDIRAs ownership of the investment, nor can your SIDRA indirectly or directly benefit from your efforts. 

I get so many of them, I spend no money energy or effort in figuring out what works and what doesn.

You’re going to waste a lot of time and effort without much chance of success.It is the appraiser, not the financing.  

A true unbiased argument there should have been "A wholesaler will put in similar amounts of effort to a realtor for less of a cut on higher priced homes (If your cut is 10k then your generally going to make less than an agent on homes priced over 167k).

@Ken LatchersWhether the business of StR arbitrage turned out good or bad; whether the decision was incorrect from the beginning or just a victim of an unlikely occurrence, I applaud the initiative and effort of those who were willing to take a risk in pursuit of creating a successful business and a better life’s for the,selves and their families.Many on this forum advised against the arbitrage route, and I believed that they had many valid points and may have been correct for most people, who went in undercapitalized and without realistic expectations.