If you can't do that, then continue to collect your yield.  

In my extensive searching I have run into several "wholesalers".I find the concept interesting, and have learned that there are legitimate, and the not so legitimate.

The house will need some extensive rehab; expenses that we are concerned about paying out of pocket for.

They charge me 10%, but other than financial decisions over 250.00 they do everything including getting the units rent ready when a tenant moved out, placing a new tenant, collecting rents, taking care of maintenance etc.If you don't have a property management company yet, I think you have to have one to own properties at a distance...- mac

How do wholesalers collect their equity profit; assignment fees, buy first (go to settlement with the needed cash) than flip, contract and flip during the contract period? 

I have a couple of clients who only want me to collect the rent, so I charge them a lower flat fee and collect the rent every month.

Do you sell, collect all equity and spread it out amongst a few properties as down payments covering light repairs.  

Never make a payment rip the rents for 24 months credit is not in their name . its a mortgage state Seller is total screwed and flustered and you just keep collecting that rent why they flounder..  

Definitely get the owner to get the permits if you can, otherwise contact the inspector and ask for an extension on the permit or a review of the last submittal. 

I was thinking of accepting the offer with stipulations that if the home doesn't sell by X that the builder pays me out at a pre determined amount and takes full ownership thus giving up my % of profit (but I would still collect my wholesale fee).