Many methods for building a list of buyers, collected for your convenience, is right here:http://www.biggerpockets.com/forums/93/topics/54108-buyer-s-list-how-to-

This is a public forum and if your method is legal and valid, you should not be getting any "heat" from anyone.

There are pro's and con's in each of these methods... 1.

Been doing this for a while and I have some colleagues that are doing the same thing and we have no problems with the method.

Only use it to advertise to find sellers or invest a little in education.But get as much free education and look for sellers using free methods as you can in the beginning, then use funds from your first wholesale deal to ramp it up.

We cannot assume the methods you use to work short sales are the same as the next investor or that all investors use the same methods.

This would seem so much easier than getting the Sellers to sign over a Power of Attorney, the method I have seen most people use.The above example does not have the transaction funding fees, but feel it increases your liability.Would my assumption be correct?

This is what I would recommend if I was starting my REI journey from the beginning: Read Brandon Turner's book on Rental Property Investing https://www.amazon.com/Book-Rental-Property-Investing-Passive-ebook/dp/B018UTI2DOListening to the BP Real Estate podcast https://www.biggerpockets.com/podcastListening to the BP money podcast https://www.biggerpockets.com/moneyshowAttend your local REIA meetings to network (search for your area https://www.biggerpockets.com/forums/521-events-and-happenings)Start analyzing deals to get practiceEngage more on the BP forumsPost a profile pic :)All the best!

That method is pretty much exactly the way my wife's and my mentor teaches to do it:  Fix everything, price it right, and screen tenants carefully to avoid capex, vacancies, and trashed properties, resp.  

After a couple of years, we'll rent it out and really start the journey.