(accidentally posted in general) So I would like to generate as much feedback as I can on this and I sincerely apologize if a lot of this has been covered in earlier posts.

In your example  you're selling a piece of real estate for $200K and generating $100K in proceeds.  

Not sure how much time you've spent on BP or listening to the podcasts, but the general consensus seems to be that wholesaling is tough and probably requires at least some money to spend on marketing to generate leads.  

When it comes to wholesaling, I personally understand it as a simple transaction but the most difficult part for me to get grasp of, is how do you generate a buyers list before having properties to sell already ?

-Generate Leads-Quick Screen-Analyze Leads-Make Offers.Lets say I get 100 leads, screen them down to 50, and analyze 50 to determine I want to make 10 offers.  

It is amazing how many calls a sign at the road and in the yard will generate because people often drive by the areas they want to live in. 

Has anyone used Investor Carrot - https://oncarrot.com/ - for lead generation sites?

Dear all,I would appreciate if you could share your experience on how to start, and if possible automate, lead generation for motivated sellers, as well as property buyers.Thank you.

You may wish to consider an S-corp for a business that generates short term gains/ordinary income.  

Ultimately, my goal is to build up a portfolio of buy and holds to generate enough cash flow to live on but as long as I’m working, I don’t need any cash flow right now.