Which I would love to propose to him and seriously Id love to sign an contract like this (if he had any balls he would).  

I'm under contract on an older-home. 

He helped me identify two properties that I am under contract for as I write this located in Texas and North Carolina.

Lastly, have a real estate attorney review the contract to protect your interests and comply with local laws.

That would be A LOT of separate contracts.

Market in a MinuteEast Tennessee home sales increased 5.2% from the previous month, and increased 9.3% from a year ago.The median sale price was $374,950 — up 7.13% from the previous year.Total housing inventory increased from the previous year – up 43.2% from a year ago.Half of the homes sold were under contract in 15 days or less, up from 9 days a year ago.44.61% of homes sold for the asking price or above, with 23.72% selling for more than the asking price. 10.32% sold for at least $10,000 over asking and 4% sold for at least $25,000 over asking.The sale-to-list price ratio decreased from last month to 98% – down from 98.6% a year ago.New construction represented 13.28% of total home sales.If you want to nerd out on the market here I'm always happy to chat.

Then when it comes time to legalize, looking to get everything approved at once, with the data point that it was built to code in the past.

If the tenant wrote you that they were vacating and they did, then you have legal possession.  

Just this month, I’ve gotten under contract for my clients for multiple 20%+ cash on cash rental properties so there’s definitely tons of opportunity here.

(Say having 4 bridge loans out at once) Maybe trying a direct mailer and see if you can get a property under contract without a wholesaler bringing you a marked up deal?