The "75% rule" is essentially if your properties were not claimed on your tax returns (this is for conventional lending).  

Even if you do it yourself, you still should "pay" yourself, or else you are essentially saying you're willing to work for free.

There are dirty people out there who will try to make a bad deal look good to a buyer (another investor typically) and try to get some money out of it but if you can see that your wholesalers and just starting out or is just off but has good morales and really try to bring you good deals then it would help if you take the little bit of time to teach them what you are looking for so they can be your best wholesaler and make you lots of money by having the right numbers...

The best rate I'm able to find on $449,000 is 4.75 paying 2 points.Can the bank typically do this as two loans? 

my understanding is that brokers typically first shop deals to  investors whom they've had previous dealings with, then to other brokers in-house, then to the general public. 

Mind you, this was a couple of days AFTER we said we would be interested at the 125 mark...And yes, I essentially waited them out.

Also, what is typically the difference between a sellers license and a brokers license?

You can expect a couple hundred bucks in monthly cash flow on these typically (or less, depending on how you calculate expenses) but the neighborhoods are a bit rough.You can also look into getting a 20% down conventional loan and buying in a higher cash flow range.  

I am smarter than a Lawyer.John,If you rent a parking space and do not pay your rent, the typical result is your vehicle is immobilized (booted) or it is towed and impounded.  

I'm speaking from personal experience in getting way too emotional with my own units.I would encourage the tenants to pay online, as that is typically more efficient than hand delivering or mailing a check.