Certainly got my motivation a bit more fired up!

It's the agents way of saying that there is something so screwed up with the house that no institutional lender will lend on it, or the seller is motivated primarily by speed.Regardless, you will want an inspection to look for this screwed up thing and solid estimates for repair cost. 

The investors have been very difficult to work with from the very beginning with grinding us down on our prices to a very very slim profit margin (almost making the job not worth taking but we got so far in deep we accepted any way).We originally asked for a 50% deposit prior to work starting as we have never worked with this particular investor and then we would collect the remaining balance once work has been completed.They had two other bids but decided to go with us because of the quality of our work as showcased in the portfolio we presented to them.Well, they managed to get us down to 25% of deposit (initially they asked for 10%).

I am currently attending the ECAR Classes for my 60 hours, but eager to start investing NOW. I want to start with rentals through a Lease Option. I would like to learn from somebody that has been through it, and guide...

They are very motivational!

Also thought this can help motivate seller as he can have more income and tax benefits.

I found a motivated seller from probate records and got the property under contract and then sold the contract to a cash buyer whom I found through craigslist.com.

Otherwise, they remain.  

So something like first 10% goes right to the investor and then we split remaining profits 50/50.  

I also learned how to talk with motivated sellers and learned negotiation skills prior to me wholesaling.Wholesalers who are experienced real estate investors tend to be good wholesalers because they know their numbers, their market, they know marketing and negotiations.