Rexburg has seen a lot of rising values recently but does make an excellent long-term rental area.Let me know if we can help in any way.Don

It has been my experience that those offering 100% either prevent the loan from closing and collect on non-refundable junk fees or they are taking considerable profits on the back end with unfavorable terms to the borrower.  

More common is that they are beneficiaries of a rising market, that has lifted their boat with little input required.

Real estate broker" or "broker" means any person who:(a) for another and for commission, fee, or other valuable consideration or with the intention or expectation of receiving the same directly or indirectly lists, sells, exchanges, buys or rents, manages, or offers or attempts to negotiate a sale, option, exchange, purchase or rental of an interest or estate in real estate, or advertises or holds out as engaged in these activities;(b) for another and for commission, fee, or other valuable consideration or with the intention or expectation of receiving the same directly or indirectly negotiates or offers or attempts to negotiate a loan, secured or to be secured by a mortgage or other encumbrance on real estate, which is not a residential mortgage loan as defined by section 58.02, subdivision 18;I don't have the time to dig any more deeply into another state's laws, but I expect that the legal way to wholesale is to first buy a property and then resell it.

There is a lot of money on the table not only in rental income but also in considerably raising your property value based on cap rates.

You could get upside down pretty easily in that scenario.I get that you actually have to live in the place so that may override your investment considerations.  

In general, this is a working class area that has rents and property values steadily rising.  

The other justification to ask for credits is if it costs considerably more then expected for some reason.   

Scenario: The sellers are backing out of the deal, but you have considerable amount of time, sometimes money, and investment emotion in a deal and all of a sudden... seller changes their mind?

I would say more of the consideration would be whether those margins are enough to make up for any unexpected repairs or whatever.