Even if they can get conventional, and the property allows conventional, then the time to close is way too long for most of these transactions.

Brian is suggesting this scenario for a non assignable, non sandwich sort of transaction, where the buyer's intent is to purchase themselves (and occupy themselves) - not assign, and not sandwich.If anything, this builds even more confidence with a seller.

AlexBare with my spelling an grammar my wife was not around to clean up my post.I work better with a chain saw, Lawn mower, or  a tractor  then I do with a key board.

You do pay $0.50 a transaction tho but I would rather pay .50 than wait a week for the check to clear.  

Since I'm not signing any contracts and not literally being involved with the transaction, how will I keep track of the leads that I provide?

It sounds like you may be hiding something, I would recommend you dont initiate this process as they will likely look into every aspect of your financial life for any discrepancy.Any transaction over 10k is subject to government investigation and will be flagged.

In general, you need to go to the county recorder to check the chain of title and the courthouse to check for judgments.Good luck.

You need a license when you are representing someone else in a real estate transaction and have no interest in it yourself.You don't need a license to sell your own property or a property in which you have some ownership interest.  

Have you told the seller your role in the transaction?

My short term goal is to complete my first wholesale transaction before summer.