There are also massive double tax issues.

Are you sure you signed an "assignment of contract" agreement, or did you sign a "purchase agreement" with the wholesaler (he would be double closing).

As I see it, getting this tenant out is worth much more than $18,000, and I would be willing to pay at least double that if I was looking at an otherwise good deal.Based on what you wrote, it seems unlikely you will get the seller to agree to deliver the unit vacant, or the tenant to agree to leave prior to close, so this might end up being a pass.  

If you pick right, you can double the value of the properties in a few years.

Were you in contact with other real estate investors beforehand and worked out arrangements to workout a double close?

Whether assigning or using a double closing, the transactions taken as a whole are really an attempt to squeeze more compensation, for what is brokerage activity (with a fig leaf of equitable title) or as a maneuver to make net listings, otherwise illegal, legal.  

This has more than doubled the size of their planning department, and drastically increases the population.

If done responsibly (budget realistically and hold reserves), I see no reason why you can't double your portfolio.Best of luck.

Building is 1968- will have to find out about lead paintPitched Asphalt Shingle Roof with aluminum gutters, Ill have to double check but think its 5 to 7 years old.Separate meter for electric but owner pays for heat (Oil-- not sure conversion gas is worth it but option is there)Good question about wiring, i would've never thought of that..I would assume I want it to breakers..

I've doubled my gross since March.