Test him and ask if he can give you 2-3 choices from his portfolio.If he gives you a line that this is his "best" one, or that the others are spoken for already - WALK AWAY!

It is not walking distance to much but a short drive to a lot and generally a touristy area. 

Agents can host an Open House and allow potential Buyers to walk through without having agreements in place. 

I would highly encourage paying a GC to walk deals out the gate, have them give a scope of work so you can see what items costs.

. - In the event that you do get a deal, that you do not violate the intent or letter of an increasing number of anti-wholesaling laws, and that you actually receive an assignment fee, you will walk away thinking that your role is over.

The lender rep or broker you are working with should be able to walk you through each step so you have a firm understanding of what has to happen in order to get your file to closing. 

As a note investor I am licking my chops at the number of deals we are giong to see come our way because of scenarios like this, especially once values go down and these people who bought sub2 could just walk away once the equity is gone.    

Meaning walking the home, seeing what needs to be done to get rent ready and completely managing it from start to finish?

It appears the laws are not business friendly and if that is the case then they will continue to walk away. 

It's also okay to walk away.