I would imagine there is not enough A.

Real estate tends to be less financially complicated than investing in businesses (via the stock market or otherwise), which is why -- I believe -- more people are successful investing in real estate than in business.But, if you are an expert in fundamental analysis of companies and have the time/discipline to do your due diligence and make expert decisions, you can make just as much (if not more) money investing in businesses than you can in real estate.Warren Buffett is the perfect example of that...and there are thousands of people like Buffett who make millions doing specialized investment in businesses, whether through the stock market or directly.Also, I'm sure there are plenty of landlords who I imagine wish they had put all their money in the stock market rather than in bad real estate investments over the past 5-7 years!

So my +$100 a month can easily turn into -$5k and a bad tenant.I really can't imagine risking a good tenant for $25/mo. $300 is like a day's work for possibly months of repairs and looking for tenants.

I would imagine that is one way to find new listings?

There are no downsides that I can imagine to being a licensed agent as well as RE investor, unless you're doing un-ethical business.RE agents are licensed by the state, and must ad-hear to NAR standards.

Similarly to a lease I'd imagine?

Imagine it were your own funds that you'd lent, and it was your life savings.

Okay, so basically, the new wholesaler is buying the deal from the original wholesaler for a fixed fee; if he can sell above the contract price + fee, he makes a profit; if not, he loses his fee.That makes sense, but I imagine most of the wholesalers who want to start out wholesaling other investor's deals are doing so because they don't have any cash and/or don't want to risk any cash...this doesn't solve that issue.But, it's still something I hadn't really considered and a good idea for a wholesaler who likes another wholesaler's deal enough that he's willing to take a risk...

When the smoke clears, I can imagine you are going to have a condo you just evicted someone out of that is in need of a lot of work.

Every so often some of the biggest players will get a blanket commercial loan from a bank on a group of properties for 5 million - 25 million which I would imagine is only a small piece of their outlay.