Wholesaling in Minnesota

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Hello,
I went to a REI club today, and was met by very nice people, but investors who apparently view wholesaling as an oddball activity, bordering on predatory. I have not done it yet, and am just getting started in REI here, but I think of hwolesaling as a creative way to get into the business, and one that does not necessarily mean total "equity stripping" of the seller. Maybe I am naive, but it seems like an ethical investor can go in, get a contract on the property, and if there is enough equity, strucurte a deal wherein the seller might receive a portion of their equity, leaving the largest share for the buyer, and you, the wholesaler receive a relatively small portion of the equity as the wholesale fee. Like say $2-5K. Of course, there may not always be the opportunity to leave the seller with much, but even if they get nothing but moving costs, that could save their credit and having to pay a difficiency judgement or go BK. What are some other ways to creat a win-win-win situation from pre-foreclosures?

I have heard that there is another REI club or group in town, I will try them later in the month when they meet. My goal is to find others like myself that are wanting to get into pre-foreclosures in an honest and ethical way. To find real buyers, lenders and hard money lenders so I can know I can move properties quickly. Right now is probably a bad time for financing, what are some other solutions?

Thanks for any advice you can give. Thanks, Mike