So lets assume for a second that there is that loan out there at is a performing rate lower then current rate and the lender does exercise their right to call...I wont buy and transfer title which I have control unless I see at the minimum 25% equity or 52k which ever is greater...

@Michael Quarles  OK mike for a test run here...maybe we can do this as a live exercise for BP and let those interested shadow or follow...

There is nothing more frustrating and anger inducing than seeing a post in 2015 (even 2014, ffs) that is titled, "How do I get started Wholesaling."

I talk to everyone about what I do...and I mean everyone - guy came out to do a site inspection for access to credit header info for one of my lead sources and before I knew it he's telling me about two properties he sees when he rides his bike for exercise.

(Meaning you can control real estate by buying an option to purchase it later and exercise the option when the time is right)

Collect a $10,000 option fee (36 month option)$70,000 option priceMonthly rent increase to $800/mo....contribute $30/mo. to purchase price to justify the rent increase.Everything else remains constant$6,500 cash on the front end$10,000 on the back end if they exercise the option...if not, plan B...Thoughts?

You could then exercise the option and realize the gain or you could sell the option.  

But again, exercise control, don't buy a boat.Using a HELOC to get rid of PMI would be a smart move, assuming the HELOC rate is reasonable.

I went through the exercise on my Summerlin townhouse.. 

The real estate bubble in 2007/2008 was primarily based on government-induced loans that were then backed by government via taxpayer.