Find the age of every main component.

You have many possibilities:Research Contract for Deed & Seller Carry back financing.If they were able to qualify with a non QM lender for the 1st Mortgage  you could possibly have a 2nd position loan with an equity participation component. 

Spend time on that component. 

There's an educational component that is key, and you would really be wasting your money engaging either Michael or I (or just about anyone else) until you have absorbed the basics and made a few decisions.You can get that learning done right here, right on BP, for free.

I told him that the overwhelming majority of persons that I speak with, would not have the hustle to accomplish this $10k component here.

Kristine Marie Poe You are so right, the TARGET and the MESSAGE are key components of marketing strategy.

Once you have these components in place and good reliable paper that doesn't jam, its off to the races.

I have read the most important component of a wholesaling business is a good buyers list.

Naturally an inherited lead is probably an absentee however the key component is the type of recent transfer and the likelihood of the sellers motivation to sell.

Thus, you really need to throttle your % formula to make sure they do.. realizing the components of the rule itself (ie. agent fees, closing costs, holding costs, finance costs, and net profit).