As a wholesaler, they are not an “owner of real estate” per se under the licensing statute, but they do own an interest in real estate by way of the purchase agreement which the wholesaler offers for sale or assignment.If we read the licensing rule in conjunction with the definition of “real estate broker” under Michigan’s occupational code, we find a very broad definition capturing any individual or entity that:…who with intent to collect or receive a fee, compensation, or valuable consideration, sells or offers for sale, buys or offers to buy, provides or offers to provide market analyses, lists or offers or attempts to list, or negotiates the purchase or sale or exchange or mortgage of real estate, or negotiates for the construction of a building on real estate; who leases or offers or rents or offers for rent real estate or the improvements on the real estate for others, as a whole or partial vocation; who engages in property management as a whole or partial vocation; who sells or offers for sale, buys or offers to buy, leases or offers to lease, or negotiates the purchase or sale or exchange of a business, business opportunity, or the goodwill of an existing business for others; or who, as owner or otherwise, engages in the sale of real estate as a principal vocation.One frequent and notable misconception is that if a person only conducts the sale of real estate on their own behalf, as most wholesalers do, they are exempt from licensing.

If it's showing frequently but you're watching others go under contract while yours remains, then buyers are perceiving value elsewhere and it's usually a simple analysis of price, location, and condition compared to others. 

@Lei Zhao I would start with where you have lived, frequented, have family or are familiar with to a degree.

When buying from a wholesaler, you will frequently be dealing with distressed properties (or properties that need at least some work up front before renting).

They are never going to trend lower for you but they will frequently adjust lower and might be less for a period of several years before the upward trend continues.And in lots of cases, laws will change which shift the whole equation.

Huge issue in my market, whose older housing stock has been frequently altered without permission. 

I have been looking for another house for about 3 years, and kick myself frequently that I didn't move into my rental a year ago and put my res. on the market.

Not really.Usually you find a property and put it under contract.Then you find an investor and sell it to him for a fee...frequently $5,000 but it can be anything that youboth agree on.Ryan Webber has a bunch of posts about this on thisboard, search for his posts and read up.

The developer frequently provides the debt financing for projects too.

As of now, your only option to accessing MLS data is through all the individual local MLS', which as far as I can tell is restricted to realtors and to their clients through (frequently ******) MLS portals.