I am beginning my cold calling to area apartment complexes and I feel that my approach should be much different that approaching a seller to purchase their property. 

Both properties listed on Airbnb and VRBO as short and medium term rentals.

I totally agree and had he listed 'prepping caulking and taping house exterior' as a separate 'project' and 'painting house exterior' each with its own separate respective labor quote, I would then consider.However since he and I have discussed the CSLB limit time and time again, yet he still had the nerve to just simply list (on a spreadsheet) $500 labor for painting the house alone, and handed me the sheet with a statement that my compensation is not 'fair', the long and short of it is this person who I consider a friend, isn't any longer a viable handyman for law is law, business is business, and fair is fair.Note: had he quoted something like $400 or something for painting house, I would be glad to negotiate with him (ie, maybe he was under the misunderstanding that $100 would be enough for paint) but he didnt. 

This is a very different model than the owning your own asset and managing yourself to optimize cash flow like in Short Term Rental Long Term Wealth, but it is a legit syndication.I have not personally invested with them but I know their head of data very well and I have seen that their underwriting is RIGOROUS.

He didn't mind the short commute.

I start with negotiating seller financing terms, and then move towards a traditional financing situation if owner carry is not possible.

Since all assets have already been pledged, offer the seller your stock in the acquisition company as security for the seller financed loan.  

Do you still use a regular purchase and sale agreement with the original seller with any included addendums specifically for wholesaling, and are you legally required to verbally disclose to the seller and buyer or do these disclosures just have to be in the contract itself?

He didn't want it and I had a verbal from the listing agent saying seller would accept my offer.

But in looking at HI I'd be careful of three things.1. new legislation prohibiting or severely restricting short term rentals in the works.2.