The seller has money to move on and get out of their situation.People lose their jobs, get in other financial hardships, divorce, IRS issues, car accidents and can not work.

Not worth it for the attorney who's suing you because it is not a guaranteed payday and plus you might not have much equity to go after.An example he gave was a RE investor who had about 15 SFRs (cant remember if they were fully paid for or  not) without LLCs and was sued by someone he had been in a car accident with.

Just make sure the support is replaced with a fan rated support so it doesn't fall on someone's head unexpectedly.

While, there is still significant upside on the properties with larger appreciation (I'm buying in the same place I live and the price has gone up about 50% in the 5 years I have lived here) and refinancing into lower rates, there is also pretty large downsides with problem tenants, problem governments and unexpected repairs.I have one friend whose brother did it for a while got up to 17 properties and then called quits and sold them all because the time commitment and stress wasn't worth it (even if the returns were there). 

As Jay pointed out, the primary risks are the project encounters an unexpected problem that results in increased cost and/or time.  

I don't know but they have to be taking a big chance.....imagine a young female in a house full of young male nurses/doctors/etc.....an accident waiting to happen.

I got lucky, and showed up early, my name was called late, so I accidently got the benefit of what I described above. 

yes. but it's pretty simple. and it doesn't matter if markets are saturated. they're usually saturated with crappy wholesalers who don't even answer DMs. it's very possible that some who teach wholesaling, make more from courses than they do from wholesaling, but that doesn't mean wholesaling isn't profitable. if anything, to me that'd mean that they're just insanely good at marketing their course BECAUSE they're living proof of concept, and have higher profit margins on online courses (damn near 100%).i just did my first wholesale deal kind of by accident, it was a JV deal and i walked away with $48,400 after investing about $4500, so it definitely 'works' lol. and i didn't buy a course, i JV'd with someone who did.

Court cases have evolved from one partner getting included in a lawsuit because the other partner's daughter got into a car accident in the other partner's car, and other seemingly unrelated issues.

I know that John may never be able to buy a home and may always be one accident away from bankruptcy.The reality of our current position in the economic cycle is that home prices are high and mortgage rates are high enough to ensure someone like John may never qualify for the loan.