According to the brokerage and agent, these individuals either weren’t serious or claimed they didn’t realize the property was occupied, even though it was clearly stated in the listing.I’m not particularly concerned about the property’s condition or the eviction process, as I’ve already secured some level of cooperation and have basic access to the basement.

Just call back and be friendly.

I'd try to understand landlord laws in each market - i.e. figure out which markets are more landlord friendly.

If I was the owner I would be asking why is it not published in the NY times, or other publications that have high net worth individuals.

My friend who is in same situation get response back after emailing him.

For existing companies, individuals who own at least 25% of the entity or exercise substantial control over it must submit BOIR to the Financial Crimes Enforcement Network (FinCEN) by December 31, 2024.

If not, you can always increase the rent to market value, but my guess is it being California, there are limits to rent increases.There are rent caps but they do not apply to single family homes owned by individuals (not LLCs or Corps) 

If I were to go this route I would clearly identify each of these risks individually, understand how the Govt would potentially challenge each of them and then assess in your particular fact pattern how you would effectively rebut a challenge to each. 

Some places like Illinois for example require individuals to be licensed with the state in order to wholesale more than 1 deal per year. 

What are things I should take in to consideration on my first deal.Would love recommendations for investors friendly agents and property managers.Thanks!