I don't accumulate any credits that way but I make sure I position it so I can buy at current market prices but take advantage of the future market value. 

Although the sellers being unrepresented many times will sell for far less than what a good broker could have gotten them for the house.As an agent you open your self up to challenges if buy a property too far under market and the idea is that you took advantage as a professional of the poor seller ..As a private investor you don't have those Ethics issues and agency and fiduciary issue.

There are tons of people out there looking to take advantage of inexperienced real estate investors

Most of what goes on in wholesaling IE not buying the property just trying to tie it up and assign a contract in my mind and I think most states if taken to the mat is acting as a re agent without a license.. and some states are starting to crack down on the activity as they get complaints of the many newbie or not so honest folks taking advantage of the public.I make pretty large % of my income helping fix and flippers do just that come into title on the properties so they don't have these issues. 

This is a great way to a)become a homeowner, 2)start investing in real estate, and 3)take advantage of financing programs like the FHA203K program.

Sure I could pay cash but I really want to take advantage of low interest rates. 

Of course, you always have the option to refinance and take an advantage of this appreciation. 

If you decide to rent the property for a while, once you move out of the property and convert the property into rental/investment property, you will have a three (3) year window in which to ultimately sell the property and still qualify for and take advantage of the 121 Exclusion. 

Fortunately for me, the 2 deals I closed that same month were enough to cover my part-time job income for an entire year, so now I'm just re-investing that money, and taking advantage of the time I have at home living rent-free, to grow my business.

I am not a wholesaler and don't plan on being one....I just occasionally come across great deals and this is the first time I can't take advantage of it myself.