This is the concept in wholesaling.

I've watched a lot of videos, have a out of state mentor, and have read some things, but I am still having trouble with the concept of finding buyers.With this said today I was scrolling through FB looking for a buyers group, but couldn't find anything when I stumbled upon a retargeting marketing ad by "Than Merrill" for a 2hr seminar about a mile away from my home.

Seems like a technicality to get around law but I understand the concept and can appreciate there is an alternative. 

I understand the concept and how the exchange happens, but I'm still totally clueless about particulars, such as the contract and addendum, potential deals and finding them, as well as the process of making an offer.

You are making 5% on the bank's money, which exponentially increases your returns per dollar invested.Obviously this is a simplistic example, but the concept holds true when you apply it to real life, subject to certain caveats.

The biggest point in all of this, and one i made in my previous post that you did not seem to pick up is the concept of leverage and appreciation that you do not get in the stock market. 

The concept works for nola and it's been done here too.  

Is that the right concept?

I understand your model very clearly, its a great concept.

Once the TS is completed, the property becomes an REO and the games can begin.The concept of concern is written as "Buyer's of Equity".