Make Sure to go to a hard money lender and get pre-approved for transactional funding, this will make you a legitimate investor, they will collect a fee of the deal, the hard money lenders will help you move the deal if you put one on contract and you will have their full support (They want to Lend on those properties as bad as you want to make an assignment fee). 

If your area doesn't license contractors I assume any legitimate company with the proper insurance to pull permits would be acceptable. 

Don't tell the IRS.I think the real issue on larger legitimately run hotels/motels may have to do with the other metrics involved such as ROI and IRR.

The purpose is: to have a good enough deal in the first place so that a traditional say only 70% appraisal refi Loan still gets you ALL of your initial outlay back - to enable the Repeat. 

Appreciation will then be your bonus for good work done and finding cash flow will ensure your purchases have a legitimate margin of safety.

There are other opportunities with the Guru-Seminars who will pay you a (bird-dog fee) if you find them a legitimate opportunity. 

Their parents enabled them, their parents can deal with their issues - I make sure to stay focused on my success.

You need to ask to see the documentation that enables your seller to pass marketable title.An an informal (summary) probate, you would entitle the seller as Mary Smith, personal representative of the estate of William Smith, deceased.If a formal probate, they will vest as "Mary Smith, Administrator of the estate of William Smith, deceased."

(The second story is another commercial space but is unoccupied.)I have been approached by the mortgagee (a private lender) to suggest a deal that would enable me to acquire the building.

To all wholesalers, know that your value is in finding off market deals and placing them with legitimate investors.