"clear title" ...As-is implies no repairs are being done but it is a fair expectation (and likely set out in the contract) that you will get title insurance as a part of the closing and "clear title" is not available because of those 2 liens, so the argument could be made that the seller has to fix the issues so that you can get clear title insurance.

Illegal is a term implying a criminal action.

@James Karch I think, similar to what @John Underwood and @Paul Sandhu implied, the first step is to figure out the demand.  

Secondly, having a fully executed purchase and sales agreement with a seller does NOT constitute “equitable interest” in the property, you should look up the term to get its true definition as it relates to this topic.I do agree with you that getting a license is not necessary, I merely pointed it out as a good way for someone new to get started, it is not the end all be all you implied I said.

If the property goes up in vale overnight to 200k, then the loan to the bank is still at 80k, but now 80k is only is only 40% of 200k l, implying you now have 60% equity or 120k of equity in the house.

Lol Lydia a week ago I was personal trainer i know nothing about wholesaling....where do you recommend i check the zoning 

There are 2 main advantages...First its great because L.L.C. means Limited Liability Company and as the name implies, it limits your losses in case someone decides to sue you if they get hurt on your property.

Quick google search implies that SC tax for something like this is 6%.

This implies as little down as you can get a decent rate loan. 

For my money, Dyches Boddiford is the best trainer out there.