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.

Studying is on line at your pace with practice tests.

In practice I would have done better than this because I take money out when the opportunity allows for doing so without much negative consequence (I never refinance into a significantly higher interest rate). 

It is possible but when first starting and having nothing to offers others it is probably the least practical approach.

Now, much of the lending issues do "bleed over" to both sides, Dodd-Frank for example, predatory practices of taking excessive collateral, providing loans to those who aren't close to having the ability to repay, or making loan terms that constrain a borrower's ability to carry on their business.