You need to DEFINE from the start what you want.For example if you do not mind crazy hours and emotional buyers then by all means go for residential real estate.If you want regular business hours and regular weekends off with larger paychecks look at commercial real estate.Do you enjoy house hunting or do you like number crunching analysis??

However, automatically taking that amount and adding it onto the loan balance is not normal and probably is not defined in your note.

Are all services they provide well defined?

Try to be more specific please, that's a very broad street.Saying wholesale presents problems as most attempt it here as they are not in title to the property and agents may be restricted locally or by their broker of taking listings from only those in title.An agent is then in a position of disclosing they mat offer the right to purchase rather than the property by an assumption of a contract.If a wholesaler takes title, they are just as any other listing client.Acting as a buyers agent, your agreement needs to be based on a transaction rather than taking title, flat fee, commission or by the hour assistance.

@John Stover Adding to what @Trenton Parks said, a clearly written business business plan with 1, 3, and 5 year goals should be defined before jumping in.

As Tim asked, please define your "why" for wholesaling in particular as opposed to buy and hold, rehab flip, notes, etc.

If you approach a broker with all that clearly defined, you may find more success.I hope you don't think I'm being too hard on you.

It currently has lot lines defined by the City and County.

I will definantly due my due dilligence 2x's over to verify before I move forward.

Or should the wholesaler go for just any property in distress with enough equity within a broad geographic area i.e. a county?