You will be met with skepticism from critics who practice traditional financing usually real estate agents, attorneys, your friends family and the like.

By definition "fair market" is fair.And don't believe for a second that Thomas practices everything he preaches. 

just from a practical standpoint.  

Part of what you could while learning more about your selected market area is to practice on bids and estimating.

If the statute is against the practice of assignments as a business model, then there shouldn't be assignment language in the FL P&S Agreement AT ALL.2.

by living below his means - He drove a piece of crap car through college AND dental school - he lived way below his means while he was paying off school debt and saving money to buy his practice --- now he owns a considerable practice which generates massive monthly paychecks, but he still drove that same crappy car until it caught fire about 6 months ago --- did he go out and buy the luxury automobile?  

Even if your state does not require you to keep them in a separate account, it is good practice to do so.It would be cumbersome to set up a bank account for each rental unit and not at all necessary.

How is this possible when there are so many people that have been successful in wholesaling, create videos on YouTube, post on BP and write books about the subject and never say anything about the practice being "illegal"? 

"The truth will set you free" is such a powerful statement that practically everyone takes for granted.

I want to have your license basically you can practice real estate contract law in front of buyers and sellers as far as creative contracts and the  department of real estate DRE will give the blessing.