The trick really is to not loose focus of growing your cash flow.

Far better to "openly and notoriously" record a deed and make sure that you don't go down the path of trying to be sneaky about it, which could be construed as fraud. 

That being said I have nothing against Agents and I think this rivalry is ridiculous, Wholesalers and Agents both provide solutions to homeowners, it's not a "One shoe fits all" kind of industry.We see ourselves as service providers and depending on the seller situation we will either Wholesale, Flip, Hold as rental, or do a "retail listing", and I believe this is where this industry is heading, you don't want to be a "one-trick pony". 

We signed a contract to purchase ($700k) home and entered into escrow. The home inspection showed a lot of repairs, so we decided to cancel the contract. My realtor sent “Cancellation of Contract” to the seller.
The ...

No trick. 

This trick is to vet and find the right operator to partner with that offers you the best risk-adjusted returns.Best of luck @Pra Che!

Seems to do the trick and its pretty affordable! 

More stupid CA tricks which will no doubt have many unintended consequences.

The flips that I do is also doing good although haven't reach 500k level yet lol lol, but yea since you know the trick, maybe in your business you can allocate certain fund and activity towards more flip , lets say 80% and the remaining 20% for cash-flows. 

So, what's the trick?