The  Delaware inner city Market may not bring the additional income unless you go with Section Eight renters.

I will be closing on a property worth $114,000; can anyone tell me what will be the approximate closing costs?  Is it normally 1.5 or 3%.  Also, I will be wholesaling the property but can I the (buyer) pay all closing...

Your agent schedules the inspection for 4-7 days, but the initial walk-thru is to verify condition and keep you from paying $500 for an inspection if there is a fatal flaw with the property...all identified by an experienced agent with construction experience.You should be doing a de-brief after the walk-thru and building a preliminary scope of work to estimate your renovation or repair costs. 

Agree with @Paul De LucaAsbestos has to be "friable" (reduced to powder by hand pressure) to be a danger.

Getting the first building out of the way before going to the bank should de-risk the project and help me qualify for better terms.

I invested in some with my Mom who has 9 and is in Spain doing Camino de Santiago, I’ve been helping her out with them while she’s gone.

@Dave SchmidtBelieve it or not Dave, the property is actually in Kent County, DE. 

I understand that this doesn't qualify under the de minimus safe harbor exclusion. 

I am doing a refinance cash out with Corevest and they require me to open a Delaware LLC for the new loan.

@Paul De Luca thanks so much for your reply.