It sounds like this wholesaler is spreading half truths and misinformation to weasel in on your deal. 

Truth is, no one knows. 

If something looks off, question it and find the truth.

NAR Guidelines:A broker may only advertise an on-market listing to a prospect if they make it clear that they are not the listing broker.Advertisements can be posted on social media if they are truthful and not misleading.Reusing old listing photos can get legal trouble.If they sell and you are still advertising them on youtube, that's probably not cool. 

Truth is that a lot of it is bad not all of it.  100k arv minimum houses will usually do alright in the city or county. 

But the truth is, when you find something as exceptional as Sub2, it's not just an opportunity; it's an obligation to pay it forward and that is why I am writing this.

I truthfully didn't shop around brokerages very much, mostly because I already had experience working with Real Estate and knew the lay of the land.

But truth be told, we can only observe and make reasonable assumptions.

Is there any truth to this?

So there might be some truth to what @Kevin Felmlee said.