I am a licensed AZ GC and have extensive experience in re-models and housing re-habs - if you are still in need of a GC, I would love to speak with you. 

I'm including this in my leases:The statements and representations made by Tenant in applying for the apartment have caused the Landlord to enter into this agreement, and if any of these statements and representations should be false it shall be considered a substantial breach of the landlords rules and regulations and of the terms and conditions of this Lease Agreement, and Landlord may terminate this Lease Agreement and recover all costs and expenses incurred as well as possession of the demised PremisesMake sure they understand that and it's one of the first things in your lease.  

I have read much here and on the net about techniques, but I don't see discussion about the essential business model for wholesaling, and what is the specific appeal to the seller is.First off, it seems patently obviously that the majority of folks sell their house in the typical way: hire a real estate agent and list the house.

That will allow them to take possession of the property and sell it if you should default.

In this model, they will hold the account and process all transactions related to investments.  

We are all here to assist with any inquiries you may possess about real estate.

Market value assumptions would sensitize your calculation You can also play around and model different recap scenariosFYI you should be calculating RE asset returns on a pre-tax basis.

If you follow that model in most markets you'd have very good positive cash flow and you can take out most or all of your original investment post acquisition.

@Matthew Kelly Before you decide to create a LLC, please consider the following, to determine which Corporate Entity fits your REI Business Model. 

More than likely, they don't have renters insurance so if a fire did happen they would lose all of their possessions, or much worse, someone could get hurt or killed.