This is the BC side and is considered a "simultaneous" transaction since both your purchase and sale occurred on the same day.

Once the settlement occurred, essentially ALL sales contract terms "merge into the deed."

Make sure you are building in some cushion for yourself when running the numbers so you don't get yourself in a negative cash flow situation if/when a reval occurs. 

The judge may or may not allow it, but I would not hesitate to file and leave it up to the judge to instruct me.What I hate in your case is that the eviction apparently didn't occur until several months' rent were missed. 

I had no idea I'd ever be renting this house out so those types of things never occurred to me at the time of purchase.

Most of the developers are doing that though so over saturation can occur in markets eventually when supply reaches the tipping point of outpacing demand. 

Would you be familiar about depreciation repayment as the fire was since December and i have researched that sometimes/more likely the new owner can claim depreciation payout because the prosperity have been sitting empty since december 2017 (since fire occur)  and under more damage from weather, etc.

Taking on the wholesaling role didnt occur to me if I had the available capital.  

(B) A cause of action may not arise against an owner of real estate in a covered transaction for failure to disclose:(1) that the subject real estate is or was occupied by an individual who was infected with a virus or other disease which has been determined by medical evidence to be highly unlikely to be transmitted through his occupancy of a dwelling place; or(2) that the death of an occupant of a property has occurred or the manner of the death; or(3) public information from the sex offender registry as defined in Article 7, Title 23.

I've always held title in an LLC name, the main reason being limiting my liability in the event that a tenant or someone else initiates a lawsuit or other action as a result of something that occurred on the property (nothing to do with financing- as you note the bank has the overriding claim).