@Joey Noel not too good to be true - the way it's supposed to be.

there are some old houses that are built in the 50s that I suppose would be good flips but only direct marketing would work. 

Second, they had to re-schedule the in-person interview that was supposed to be this morning, to another time because they had to meet with a buyer.They plan on being the biggest wholesaler in my area and I love the ambition, but I just have a weird feeling about it...

But I suppose I do add a higher repairs and capex number (Repairs 10%, Capex reserve 5%), AND when I buy, I plug an additional "fudge" amount into up-front repairs because I know I've missed something that isn't visible on inspection.

If the deal really is that good you shouldn't have to do that I would think.I've worked with a total of 3 lenders, one of them we were going to do a refi but we decided to sell half way so that didn't go through, but I wanted to say that be cautious if the lender doesn't give you a chance to say what rate you want/you think you can qualify for because they make extra money by giving you a higher rate and pocketing the extra that was supposed to go back to you. 

Has its positives and negatives I suppose.  

He supposedly has done several hundred flips and owns over 50 rental units.

How are you suppose to get work done that way?

In regards to training, I have a training module in my CRM/Project Management system and generally try to write everything down step-by-step and do a screencast so they will know exactly what they are supposed to do.In addition to training them, I would say one of the biggest tasks is making sure you hire the right people.

Supposedly, the majority owner had to sign something agreeing to cooperate if the first trust is foreclosed upon.