It appears to of dried out causing the bulge.

My concern is if it's normal for the $700k number shows up on the deed and not the $800k (aka that the deed would not reflect the wholesale fee of $100k)  it appears that someone made 100k already on the deal.. 

I've checked to make sure the property is still available and it doesn't appear to be pending closure.

My reaction is that this is a bad idea.First, you are becoming a business partner with someone who does not appear to be in a rational state of mind. 

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It appears that you think you know what we do, but it sounds like you have no idea how we do business. 

Keep in mind that if they don't provide trailing bank statements, there is a chance that the current owner put non-qualified renters in at higher than normal rents on month-to-month leases to make the numbers appear better...

Jenny,Great question as there is indeed a lot of focus placed predominantly on cash flow that makes the returns associated with out of state appear to be the way to go.However, real estate returns are obtained from 4 areas: cash flow, appreciation, tax benefits & equity build up through amortization. 

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On the county website, her ex-husbands name still appears.