It's the actions which lead up to the assignable contract and your overall intent where gets sticky.

The real key is to have a good lead managemnet and follow up system.

@Charlie Moore some of your statements lead me to believe you do not understand tax law. 

Furthermore I want to get a detailed blueprint of how wholesaling works as far as generating leads(best platform to find leads).

The busts follow the booms, which in turn leads to the next bust ... it is the nature of the beast.

For example: Say you, as an individual, can only spend $100/mo on marketing in a given zip code, you might get one lead per month, which leads to one new listing or sale per year (assuming an 8% conversion rate).Now, say you team up with two other people, and start spending $500/mo*, which leads to 8 leads per month.  

Trouble is it was built in 1930, so I think I may have lead paint issues with gutting the main floorYou make a great point about a "master", the 2 bedroom unit has a master although access to it is through a bathroom on the main floor.

The key to marketing is consistency, i.e. mailing to your leads every month for at least 4 months.If you find something good, I'd be interested in buying the contract.

I have some interesting type of leads you may be able to utilize.

Direct mail is another great way to find leads.