Personally I wouldn't feel comfortable trying to wholesale a relatives $1M home knowing that I am breaking the law if I cross over into doing anything that can be considered representing them in the transaction, and knowing it will only be marketed to people who buy properties wholesale (typically investors who don't want to pay retail prices), instead of the majority of retail buyers active in the market who are typcially willing to pay more. 

And or thought people were taking advantage.

However, he has 2 people interested right now.

Many, many people have made huge fortunes on SFR's alone.Speak extensively with anyone who invests in RE and do everything you can to pull out why you *shouldn't* do something.

I would also be a hard no; I don't subsidize other people's investments.

You cant view a lot of FL probate dosuments directly from the recorders site but you can get the key people (petitioner/decedent) then combine with the case type (summary vs formal probate admin) then look through property records to see if  they own property and whether there are encumbrances.

It would be mainly rented to alumni, parents of students and people exploring the area by the University of Florida.  

Think about where those people hang out and network. 

It's a great way to talk through your plans and goals for real estate with people that actually understand! 

Learn what people are doing right now in this difficult market and find a way to replicate their success.A lot of people say they are actively investing.