Thanks to OP for sharing this, and saving us the $$! Reps given.
This is so far from 'automated' you can't even see it from there. He describes an intensive search/price/negotiation process to get domains and an equally laborious process to sell them. He also neglects to mention on the SP that he spends (yeah, sure) from $69 to $5000 for domains and then tries to arbitrage them.
This is basic stuff, in other words, aka Buy low, Sell high. He adds in the 'fool and his money are soon parted' spices and VIOLA! - a tasty WSO that gets him noobs email addys so he can part them from it endlessly!