The 1% rule is simply a filtering tool.

@Christopher TellesThanks, but the only reason we may seem organized is because we are not receiving that many leads and we are able to easily track them.  

At the price I could easily make a cash offer but obviously want the best deal possible.  

Some people do double close regularly but in general you hear wholesalers close only if a) they have to since the contract is not assignable, mostly REOs and Short Sales or b) they did such a good job that the fee they will be making is especially large and they don't want any issues with the buyer or seller getting POed if they see how much money they made.If they put the contract on it because they in fact think it is a good deal that they can easily sell then putting up a deposit should not be a deal breaker for them.  

We simply talked it over and it was easily understood.

It would be problematic if I were employed by brokerage which could easily question who's coffers I'm trying to fill.

Were we to take an income stream, we could easily figure out a split, but we're not planning on taking any income.  

The work is performed in an environment similar to asbestos removal (filtered negative air pressure).

These can be easily converted to possible Cash Buyers.

I know I could easily get a loan for the $45k from the local bank that I have a great relationship with.