@Cherise Wright Start by calling local RE attorneys in your area, and while you're at it, sit down, pay for an hour of their time, explain your intent, and then have them explain the legalities of wholesaling in your area!

@Meagan Inman I would call Mom and explain the dilemma especially the lease assignment.  

Also, can someone explain why sellers are only paying buyer brokers .7% wherever this deal is going down?

My broker is suggesting this is a bad option because of two reasons:1) Lots of money for closing costs (again) and2) The interest rate is going to typically be higher on the new refinanced loan.Can somebody explain to me what I am overlooking?

My PM company and I explained she would be on the hook for any missed rent until we got a new person in (she had a year lease).

If they're willing to sell Sub2, they're generally out of other options (not enough equity to sell cash, not nice enough to sell retail etc)If the seller is 6+ months behind on his mortgage I think you could get a better deal by bringing him back to reality and better explaining the seriousness of his situation. i.e. he's about to lose the house! 

Account Closed I kind of explained the process to them which I know you are not supposed to do when wholesaling but I wanted to be transparent just so no one was wasting their time.

Start with the Wholesaling Forum:https://www.biggerpockets.com/forums/93-wholesalin...And i would suggest reading these posts in their entirety:https://www.biggerpockets.com/forums/12/topics/380162-went-bankrupt-trying-to-wholesale-heres-my-sage-advicehttps://www.biggerpockets.com/forums/93/topics/583...A question for you:- In your example, how do you plan on explaining to the seller, who you led to believe their house was only worth $5k, that you've sold it for 3x that much and are personally profiting twice what they are..for a house you don't own.

I sent Brian a text message Friday (10/27) very respectfully explaining that I didn’t think we were a good fit, and that I was expecting a lot more structure with the content and coaching.

It sounds as if they were not explained the situation.