As you can tell i am trying to grasp the concept before paying to take a seminar/class for about a $1k.I have been driving around and has found a couple of houses that was in pretty bad shape to come back a month or so later to see someone fixed them up and either sold or rent out.Another question, should I just go ahead and pay to find out how to do wholesaling properly.thank you kindly,

Also ask what barriers does he anticipate in selling the concept to management.

What you presented was more like a number of different concepts, based on assumptions, guesses and info not yet accumulated.A plan is based on actual numbers, with actual properties, and actual examples thought all the way through. 

Then the 2008 meltdown hit and things got bad all over.I've learned to base my investment decisions on my household budget rather than on the market.

@Louie PullenI just heard about thus company via a podcast.I understand the concept of it and seems like it could be a great idea.

The concept of "giving back" as, at the very least, a balm against the potential ethical wounds inflicted while making the money is one I've struggled with over the years, well outside the confines of just real estate.There is a long history of the wealthy donating substantial sums (in absolute terms, if not percentage) to help the less fortunate. 

The feasibility of which is highly dependant on your decisions on the previous steps.In parting, there is an important concept that you will need to learn about investment property loans. 

The concepts of Wholesaling are legal in Texas.

I would begin with the 50/50 split concept.

But it worked and I had proof of concept and nothing could have been more important to me at the time!