In my rental a bedroom had that fake wood paneling.

They promise the moon and the stars because thats how they get business.  

Be frank about it; a green wholesaler eager to get in the trenches and find deals is better than a lazy seasoned wholesaler who right about now is complaining how hard it is to find deals...To add value you need to do 5 things for me (they are simple, I promise):  Be realistic throughout your calculations and appraisals. 

If the amount is reasonable and you never promised the seller you were going to keep the property, then you can simply assign the contract.  

They will tell you whatever you want to hear but get into the details and I assure you its all BS and you are going through the same underwrite as if you dialed any HML off the internet.With that being said, I have found one or two folks who actually live up to the promises of the LOC, its still not really a line of credit, not even close, but they will do a much less strenuous underwriting for each deal once you are approved and this si worth it from my perspective.  

The second day is when I got maybe 3 hours worth of general information and promises that he will go over the bulk of the good stuff on day 3.

http://www.nationalmortgagenews.com/news/complianc...

I'm new so I may not be able to line up a private investor who has cash for a fast closing and all those wonderful things I wish I could promise in the beginning.

DFW is looking very promising market from all perspective.

Well, ghost/fake ones, to get potential buyers.