I found out that if I just get my you know what off the chair and go out there, I will find opportunities.

To state this precisely: The rule does not incorporate any exceptions for businesses based on their form of organization.

Should I steer clear of these deals or is there a way to just incorporate that into the wholesaling equation??

Despite what Joe and Bob say, I don't think there is a right or wrong answer and you can get rich  either way in either market.... and what do you mean I can't do that passively in Memphis from my lounge chair on the beach in CA?!?

I work in corporate America and graduated law school last year.

I am scheduled to close tomorrow. my contract says "broom clean condition", which i think is standard language in most PA's.well, i went there yesterday and the house is still a mess, multiple refrigirators, ovens, wheel chairs, porn tapes, cabinets, water heaters, dolls, tables, you name it, it's there.my agent left multiple messages with the sales agent (a huge knob!)

Will you have a chair? 

It's the blue print you'll need to really evaluate the property and confirm your approach and price.I think following the valuation analysis, you'll want to incorporate it into a broader business plan that you can present to the owner, outlining the deal details and how you plan to be  successful.  

@Ken BadziakThe whole UBIT thing may not make it worth it if you want to incorporate debt financing.

Now that I am an investor, I see why, I have always paid rent on time, don't annoy neighbors, and only reach out to my landlord for real issues.I have however lived in corporate owned large apartment buildings, where I got hit with huge rent increases at lease end.