I started on this forum a few years ago by buying his book to get myself reacquainted with basics of buying/rehabbing/renting/refinancing. 

The 4K would be covering the interests and principle.

For cap rate higher is better it is basically the return on your money. 

Thanks,Kyle I get that spam for my brokered business, then you call them and the rate is 6.5% or 8% or something crazy, unless you pay 4 or 5 points to buy the rate back down, and oh look now we're basically right back at 25% down (20% to equity, 4-5% to fees).

Wholesaling is hard, you basically have to know how to be a flipper and just make less money, it takes either a ton of time or a good amount of money to find sellers willing to sell at a price that leaves meat on the bone for the investor and wholesaler. 

It also might be wise to start with a smaller property than a 6+ unit so that you might get an understanding of the basics first.Good luck.

Basically the North Pole at this point. 

Basically contract is nonexistent until they sign.

California basically requires a living trust to avoid probate (generally) and a Will alone will not suffice. 

Of that $22.25 is the basic charge.