People make decisions on emotion, so the cover letter and picture is meant to use this to your advantage. 

Call me naive (I'm not a real estate investor and probably never will be; my interest is from a business model and value creation standpoint), but it seems to me that embracing a major paradigm shift away from wholesaling in favor of options could bring more discipline, fairness, and respectability to the process.Let me try to explain using your example. 

This thread is pointless because you're emotionally involved and won't listen to reason.

I just evicted my first tenant last year and had to go through this emotional rollercoaster of not pursuing the money because I knew she simply didn't have it.

All it took was a certified letter and several voicemails (completely professional, no emotion), notifying them that the next step would be seeking a judgement and sending them to collections, along with a brief explanation of what that would mean for their credit, ability to rent ever again, etc. with photos of the damage and documentation of repair expenses.

Most will say they can do better with the lump some and most of those people will be wrong. years back a lotto winner came to the county I was living and working in.. he got some pretty hefty annual payments.. but he was always out of money and looking to sell his payments at a big discount  :)   so your right it boils down to discipline on both fronts. 

The problem is you are emotionally involved and don't seem to be cut out for landlording.

I STILL live at home and my parents are urging me to get out of the house but I don’t want to make a big financial mistake and purchase something out of emotion.

The emotionally-dependent wife that can't help enabling him, but has to leave him when he becomes a danger to his children.The childhood accident that leaves a very young girl permanently scarred and she chooses a completely marginalized husband because it's precisely his marginalization that allows him to understand her own.

The numbers are the numbers, feels like its ego and emotion that create the amusing responses we're seeing in this thread.