On the seller system, it shows the new price, and my offer comes in around there (if that works out), usually can get acceptance before or right after the price reduction.FHA always screws up, I catch those deals all the time...

One of the very best things about wholesaling is that it is virtually impossible to screw up if you understand a few basics.  

I have multiple part-time jobs that do give me income, so I'm not completely screwed with financing.

Coming from where I was living with my mom in a low income community, I didn't have much to lose so I figured if I did screw up, the worse that could happen is I lose the house(and be in the same place I started). 

As you say, it would have to be a screaming deal for me to risk an inexperienced rehabber screwing it up.

You can't ask one partner in a business to take the entire loss on one transaction while the other partner exists risk free to only share in the profits.If you lost money on the flip you guys screwed something up, especially if you're working for free on it.

. :) actually his wife talked to me in front of him and told me to make him figure all materials and supply all tools,and organize the help that he will see real quick how things workand see how he likes it That I should start my time from when I leave house charge him for phone discussionsShe let him have it we think similar in a lot of areasOutside of work arena we get along fineThe contractors and I don't owe him anything don't live on one of his places and usually we are treated quite abit differently than help he supply's who owe him money he just likes to hang on to every penny he can But that's better than being to free with the moneyhe says a lot of the folks will take whatever they can from youAnd I ask for it At times I am to easy I will buy lunch cigarettes whatever for folks who waste their money and they never seem to think about tomorrow I try to limit it ,I don't help anymore on pawned crap or car repo's if they screw off the money to bad I realize some you cannot help I have had nice deals for example About two years ago I kept hounding a bank I had bought vehicles from in the past I was low balling on several vehicles ,two boats and afew mobiles ,a tractor and a travel trailer I wanted a package deal from different branchestwo of the mobiles they got a better offer so I lost out on them and tractor But I got a sweet deal on the rest he thought I came out good on that and bragged me up some But the first look on his face was like he was afraid or saw we may compete at times He says I resell to cheap at times I agree with himAfter our first trip to an auction we found out we were bidding each other but that's worked out now

My real question is do I have some legal rights or am I just screwed.

I have arrangements worked out with the bank that I don't want them screwing with, not that they would because they can't pay anything, but things change and they may want their house back if they come into a bunch of money somehow.

You don't want to find a good deal then find out that team screws it up for you.