The best way I can explain wholesaling is:Simple in concept but difficult in execution. 

Especially a small owner operated concept.

I generally agree with you @James Hamling , but I want to push on the concept that you "make money when you buy".Technically all you've done at purchase is drop a bunch of money and take on even more debt for the opportunity to make money by successfully executing the business plan in the coming months and years.Too many new investors jump into the game thinking they just have to "buy right", and they completely overlook the "execution" phase and how difficult that can be.You're dead-on in the assessment that @Jeff Holmberg is going to make things more difficult than necessary by seeking out sub-par assets in sub-par markets.Jeff, we get the urge to just do a deal, but Buffet's rules of investing (rule number one: don't lose money. rule number two: don't forget rule number one) are critically important.Don't buy a negatively cashflowing asset as a new investor.

I never realized that financial freedom was even a concept until I read Rich Dad Poor Dad and then I slowly crept into real estate investing.

Because I am hoping to use the BRRRR method, I would like to get a list of some good contractors that understand the concept and purpose of BRRRR. 

I also recommend studying Buffett's annual letters and dialing in deeply on the concept of investing vs. speculating.

There are tons of variables and it probably does make sense to reach out to a lawyer/accountant (and though I’m a lawyer don’t take this as legal advice).I was similarly confused by the team concept and have concept and have come to understand it as at least one or two trusted real estate agents, contractors, lenders, and property managers.Hope that helps and good luck!

How builders make moneyEven though Gary had understood the concept by now, he still had some doubts.

The FIRE concept is  a stock/bond portfolio that can withstand a 4%  withdrawal rate and aim for a nest egg is large enough to support their lifestyle at 4%.   

@Adam Amato I bought my first duplex in 2008 and at the time it was "proof of concept" as I was not sure if this would actually work.