It is a great way to never make money and build a reputation (not necessarily a good one). 

Stephen Chatto I'm not a Lawer but my dad is a retired broker he has a book on real estate laws in New Jersey, I am not a Lawer but from my understanding As a wholesaler (flipper) you are considered a broker especially when met listing properties on the web , police can fine you in different ways as in practicing with out a real estate or business license (which is usually the case)NJRS §45:15-1.

All that is to ensure that you're dealing with a reputable lender and not someone who's scamming you.

This family owns all of these houses free and clear with a good reputation from not only the community, but their tenants as well.

Not sure how reputable/quality that site is yet...https://www.rentjungle.com/average-rent-in-raleigh-rent-trends/

My friend is not licensed, nor insured - but he knows construction and is sub-contracting out the work to reputable laborers from his personal network, some also uninsured.  

This vacation rental area has exploded - so there are now quite a few cool tools to see what you can expect for rates and occupancy by address or zip code - just do some web surfing and you'll be amazed.    

As I said, the seller is in a distressed situation and really pressed for the funds to take care of elderly parents, who are the original owners of the property.I was told by a reputable bank in my area that handles land lots loans, that I don’t have enough liquidity and I would need at least $100k in my bank account to move forward.

As I said, the seller is in a distressed situation and really pressed for the funds to take care of elderly parents, who are the original owners of the property.I was told by a reputable bank in my area that handles land lots loans, that I don’t have enough liquidity and I would need at least $100k in my bank account to move forward.

The rental has a mortgage and while I did find an article that spoke of not violating this clause since the property is not changing ownership, I'd like to find out some more about it before taking steps.This is the web site where I first found statements eluding to the implications of the due of sale (still researching):http://www.creonline.com/beat-the-due-on-sale-clau...This is about 3/4 of the way down the page under Enter the land trust "The trustee holds title for the benefit of the grantor.