as i am new to wholesaling (havent made my first deal yet) i was hoping to find here a helping hand to actually show me the ropes and ways to get to my first wholesale deal. i am motivated and eager to succeed in this business. in theory of course is all easy although quite confused on how to implement it.

The theory is that, within a few years, the home will have gained enough in value or the buyers' financial situation will have improved enough that they can refinance with a traditional lender.From the seller's standpoint, the short time period is also practical.

To note, there are a bunch of townhomes in the same area being built so my theory is they are trying to get all townhomes to the same point before they request the inspector.Is it typical for an inspector to take a month to come out?

However, if you open the door carefully (and not give it a hard push open), the door operates fine and never bangs the wall. 

A good agent is able to see through the list price and determine actual market value for a home, negotiate concessions based off due diligence findings, connect you with the best inspectors/lenders/title and ensure you're getting the best bang for your buck and are able to transact successfully, write far more competitive offers than inexperiences agents, compete for you when confronted with multiple offer scenarios, get creative when needed, teach you the benefits of owning real estate and how to make your home an investment, etc. etc. etc.  

The theory being that a home owner may feel compelled to sign a non homestead affidavit to obtain a loan (duress).

I feel like it is unusual (since it drastically changes their collateral in the deal (by making it less directly accessible in a case of non-payment) and that is in theory what banks want to dissuade, but I've never actually asked one of my lenders about it so I may have been believing a falsehood here. 

New Jersey and New York have ridiculous purchase prices and the returns you could get in Philly are so similar, so why not get more bang for your buck?

Unless, in theory, in that particular market, a 1000 3/1 SFR w/ an ADU actually sells for more than a 1600 sq ft 4/2 SFR.Depending on how this housing crisis continues to pan out, we may just see that day.

A lot of people have mentioned the tricks of putting the property in an LLC or not but I don't know if anyone has gotten to the gist of the question about the LLC getting a loan.In theory an LLC can get a loan but it will take many years of building credit and probably doing multiple loans with the same lender before you even have a chance.