You lose the asset and unless you beat their actuary tables (yeah like that will happen) you get a fraction of the value. 

Depending on the state, you could own fractional interest in a loan and easily earn 8-12%.

She said she heard of a fake diamond that looks "even more shiny" than a real ring, and at a fraction of the price!

What wholesaling is, is essentially being an unlicensed real estate agent with a fraction of the tools in your toolbelt that a licensed real estate agent has in theirs. 

Within this realm are whole notes, fractionalized notes, and perhaps even Crowdfunding, or some of the B2B or P2P websites as Prosper and Lending Club.

You have a few options.My suggestion is to attend a few real estate clubs in San Diego and meet some licensed CA real estate brokers that originate fractionalized loans.

I would be careful when fractionalizing ownership of a note that you do not break securities laws.  

@Richard Chang, Question #1 The world of fractional ownership is the wild west with little regulatory consistency in product or platform.  

These companies structure their properties for fractional ownership, meaning that you can 1031 out of a property that you solely own and manage into a piece of a larger property (or portfolio) that already has management in place.

Electric heat is insanely expensive.If owner can tie into natural gas it would be a fraction of the cost.