Strange that the vassst majority of articles, blogs etc I have found say they are not illegal per se but essentially they are.

The facts are that the audience has essentially told you they don't like the message.It sounds as though you want to tweak the volume and geographical locale versus address what one caller explicitly told you was bad messaging.

Essentially he said the offer needs to be close to market and the banks don't consider the rehab costs either.

So, if you buy a property for $50K, you won't be able to sell it for more than $60K within the first 90 days.As a wholesale, this is probably okay, but it's something to keep in mind.Other than that, they can essentially be treated as any other REO property...

I don't know how much you know already, but understanding ALL the expenses of flipping is obviously essential.

You're essentially bird-dogging the deal.

There are some excellent companies that are QIs and it's essential that you perform due diligence to be sure you select a QI that keeps funds in segregated accounts and has excellent security mechanisms in place.

Such a contract is essentially worthless.

You have to determine if they are stable businesses that provide fairly essential services that can weather a prolonged recession.You have to plan for the worst and hope for the best.

You will have essentially no powers, much less the draconian ones you seem to desire