I have a few thoughts to share:--I think by writing your response, you've identified one of the key issues yourself:  it's important not to make assumptions about your seller, their motivations, and what they may say yes or no to.  

The termite inspector IS the expert and his report should identify the problem, the remediation options and the price.

My immediate needs with BP are to learn the most effective ways to identify leads and obtain financing, along with tips and tricks on buying and managing MF property outside my local market - this is a big desire but also a big concern, not having done it before.  

First off you have to identify what kind of investing are you looking to do (single families, apartment complexes, etc.). 

I haven't read the posting at the link you provided, nor have I done this or any wholesaling either, but if this would be done by the wholesaler taking some form of equity position in the property, in lieu of collecting a wholesale fee, then I would think that this would be addressed in the deed showing the form of ownership as well as identifying the owners of the property (as well as some other partnership agreements/documents detailing ownership structure and management responsibilities).

Hi @Collin Schwartz I have 2 main goals at this time:1) Network with like minded investors in the Metro Area to share ideas and best practices with.2) Identify key partners where I can leverage some sweat equity for equity share right now and when my own capital is freed up, a partner that I can invest with and split the work.#1 is of highest priority to me, #2 will depend solely on the relationship that is built and the deal at hand.Thanks for the reply.

I'm not familiar with someone filing bankruptcy due to identity theft, however was there a Consumer Statement on her credit report that detailed the identify theft issue?  

Just wondering , have you already identified any potential restaurants for sale? 

@Brandon Phelps , by doing a 1031 you won't have a lot of time to identify properties, so If you want to run the business, you could get a package of properties that all together are valued at at least 1.2million, or buy one property at that price that will give you great cash flow.

@Joseph Cornwell Thank you for your inputs,I agree with your analysis.My investment strategy is value add apartment building (15~20 units) in neighborhood B/C,I know east side high levelly better than west side,but I am open to west side as well as long as I can find good deals and team.So right now I just deeper my understanding of the west side of Cincinnati market,hope I can identify decent area and deals/teams to match my target.