They claim that their clients are seeing a large return on their investment but would love to hear from somoene who has actually worked with them. 

@Chris Kittle I’m not an attorney and could be completely wrong, so please consult an actual attorney before you do anything no matter what people say here.

Apparently, the person I am under contract with was managing the estate of the actual owner who recently died.  

They won't learn those items until they actually do deals. 

Assume that you're sitting on:$200,000 in suspended passive losses$150,000 in business losses$100,000 in expiring NOLsThe Magic Transformation:That $500,000 of "painful" ordinary income becomes your strategic advantage:Absorbs all $450,000 of those otherwise-stranded lossesLeaves you with just $50,000 net ordinary incomeMeanwhile, your §1250 gain still gets preferential rates:$581,820 at 25% max (unrecaptured §1250)$700,000 at 20% max (capital gain)The Plot Twist:What looked like a tax nightmare actually solved multiple problems.

Most lenders will use the lower of actual rents vs market rents regardless of section 8/non section 8.

It's a hobby for maybe 80% of the people who say they are wholesalers, and maybe 10% of the wholesalers in SA or any big city actually have a business. 

When my loan was not going to close, it was one of the options that my broker and lender told me about and actually referred me to for a conversation.

Call 3 references:  Verify that they work there, or that it is an actual person by asking where they work first, and don't mention who you are until after.  

Weirdly, you may actually be able to get better terms and/or more LTV on the refinance if there is debt on the property as lenders have rules for max cash in hand (max proceeds you get at closing) for cash-out refinances.