Does that logic and game plan work out ? 

Make sure the answer is clear and logical.

@Chris Sellers thanks for that tip, that's actually pretty logical but I just jumped up and went for it that day lol.

Both of these leaders did this to convince their followers to toe the line, not to convince themselves.Survivorship bias is, as Wikipedia describes it, "The logical error of concentrating on the people or things that made it past some selection process and overlooking those that did not."

I will say though you have reasoned it out and are approaching it logically not emotionally which is huge.

Am I wrong in my logic?

@Daniel Rogers That's my logic, but being that I have not done it I wanted other opinions.

@Kate Weinberg (and others who expressed interest in this topic).This is almost identical to a situation I found myself in a couple years ago and we periodically hear from others struggling to find a good home for their capital.BTW, average returns for Large Multi-family is 8-12% Cash on Cash or 15-20% IRR for a 3-5yr hold.I am in the midst of writing a blog post about the various options I considered (stocks, private lending, SFH portfolio, Multi Family Portfolio, private equity, REITs, etc) and my logic behind selecting what i did.If it would be helpful, I can share a draft of the upcoming post with you soon.

I have the funds to close on any deal that I would be putting under contract and the last thing I would want to do is back out of a deal and leave the seller high and dry.You recommended wholesalers get their real estate license and this seems like a logical course of action however I have a few questions. 

Quote from @Jerryll Noorden: For YEARS have I been trying to make people understand the simple concept of motivated sellers.No matter how logic, or obvious the posts, people simply can't absorb it.Ask questions in the replies if you have them.