Ensure you have a detailed renovation plan and consider obtaining quotes from multiple contractors to validate this estimate.Rental Estimates Your projected rents of $2,000 and $2,600 seem promising.

Its always been illegal from the state regulators view it violates the Real estate sales laws of brokering RE with no license.. the definition of brokering RE is to bring two parties together for compensation exactly what wholesalers do.. but without a valid license or listing agreement. 

The biggest hurdle, is validating that you will not live in it.

And it's totally valid for you to feel that way!! 

Nota bene: all figures are intended to be accurate, but are not guaranteed or warrantied.

There wasn't as much systemization so we were always dealing with odd requests and we did what you did, tried to make the best of it and offer something fair.I think as operators we have become too scared of reviews (but they do totally tank you) and the companies should be able to review the back chats to determine if the review was valid.

Along with the note and mortgage or deed of trust the borrower signs a warranty deed transferring title to the lender.  

The last thing you need is to get a homeowner policy and find out it isn't valid because you're not living in the property.

I'm trying to validate the completed projects advertised by a sponsor. 

Your agent is the one who will make sure the punch list is done and that the warranties are correct.