And the other 75% gets put in with a QI for a 1031? 

I drove by this run down apartment building almost everyday and always said to myself it would make a very nice place with a little love put in it.

Being that you are brand new, you MUST put in contingencies, so you have an out.

So you don’t want to put in all that effort and only be able to do it 90 days a year or something.

The more equity or cash you put in, the more you have at risk. 

If I , the buyer wants to see a house and a buyers agent takes me in and shows me , And then I want to put in an offer , they are entitled to be paid for their time .

I have a couple of investments in LA that I got at a discount (that ended up being a much higher discount after appreciation), and since I love getting my hands dirty, I usually put in a lot of sweat equity for anything I buy.

Our properties were purchased for Approx $275k, put in max $100k for reno, and sell for $500k.

It's not an easy business and ultimately the results will depend on the work you put in, just like most things in life. 

., I think an unlicensed person should be able to represent themselves in a purchase/sale in the same way a homeowner can make renovations to their own home without an MHIC license), but overall I think this is good for the general public (and, yes, its good for Realtors - but as Russell points out HB301 was introduced at the request of MREC, not Maryland Realtors).To reemphasize Russell's last point: if a wholesaler believes they are operating in an ethical manner then they should get licensed and submit to the rules that MREC has put in place to protect the public from real estate scammers and incompetent licensees.