Basically it was a binder with printouts from rentometer.com showing the average rents in the immediate area.

The basic, very basic idea, is I would take a hit on my bottom line and not only provide a service but also force myself into more aggressive strategies of acquiring more properties to cover the overall cut of monthly cash flow.As you say though,  some may take advantage.You have given me a lot to think about.Thank you.

I suggest you read this thread: https://www.biggerpockets.com/forums/93/topics/58383-the-truth-about-wholesaling-Wholesaling is NOT real estate investing, it is basically a marketing business.

You just need the basics and then start evaluating deals.

Tenant C applies, gets approved, and all persons sign the Addendum to add them to the lease.The basic premise is this: the deposit stays in place from start to finish.

So basically the less problems, the better.

@Alexander Friedman The basic motto of most insurance companies is delay, deny, defend.

Basically I can access $75k in a HELOC and can buy 1 investment that should profit $3-500/month.

Non-recourse is hard enough to find, let alone new construction so you'll basically need to find a private, nearly private, party to fund such a loan.  

IRR is basically a return where the timing of cash flow is taken into consideration in its calculation.