Wholesaling without a license is indeed considered illegal in various states, and that language you posted is tough to exempt wholesalers from, in my opinion.

If you are new to this and want some intro material, I'd suggest looking at Jefferson's Lilly's podcast or some articles from Mobile Home Park University. 

So what works for you in your state isn't always universal. 

See item #3 for where I think much of the shortfall is.3) Somewhat related to item #2, I filled out a spread sheet to determine cap expense numbers and what I determined is that investors in small number of unit dwellings are virtually universally under estimating cap expenses.  

The internet is not one physical location but an amalgamation of locations whereas real estate is a specific place in the universe.

I played college football for the University of Louisville and graduated about 3 years ago and pretty much didn't know where to go from there.

Degree Real Estate Development with Multifamily Concentration (Kennesaw State University)M.S.

@Daniel AntonettiIn general, not much you can do after closing.If you had made specific requests about the tenants in your sales agreement then you might be able to go after the previous seller for not complying.But, if you didn't have specific language in there, the owner is still able to renew leases.Even if you had Estoppel Letters, it wouldn't prevent the seller from doing something sneaky at the last second like signing a lower rent lease in exchange for doing fixes the seller didn't want to deal with out of pocket.

And Merced may also be a good location due to the university expansion although I haven’t looked too much into that yet.

@Vickie BruceSorry for your loss...You should be able to follow probate proceedings and have it transferred to your name.The procedures will depend on if your mother had a will or not and the language on the deed.