A verbal offer means nothing...thats why the statute of frauds requires the sale of real estate be in writing. 

@Jeffrey Edwards I’m a Michigan real estate attorney and I don’t claim to be an expert on case law on wholesaling (if there is any) but I’ve read the licensing statute and at first glance it sure seems to be against the law to wholesale in Michigan without a license.

@An I don't invest in states where you have to record the tax lien, but I would recommend getting to know the statutes on it very well.

There used to be, and perhaps still is, a NH statute specifying that a landlord can hold only 1 mo rent in advance and 1 mo security in advance, and no more. 

Absolutely, go to the state versions, however much of this is still in limbo and while states may adopt their own regulations, the Act is adminsiterd by HUD and in the evnt any state statute does not follow the spirit or intent of the SAFE Act, the SAFE Act prevails.

But I'd take a look at the landlord-tenant responsibilities and statutes for that state before making any additional expenses.

Skip tracing and process service by a professional will cost about $200 per person and can cost as much as $600 if the former owner wants a carton of cigarettes before appearing to get served.CONCLUSION: If you want a loan on the TAX DEED rental home then get TITLE INSURANCE by notifying every former owner with an in-person legal notification of their tax debt by a person authorized to do so according to Florida court statutes.

Per the Revised Statutes of Missouri: 535.300.

The Texas legislature passed a strict statute that would govern "rent to own" and "lease option" .  

Some jurisdictions within the Bay Area have rent control statutes/ordinances but others do not.