It's difficult to see how a tenant will be after screened and signing a lease.

Reason: I signed a new job offer at a nonprofit yesterday and having extensive knowledge of the real-estate market in Philly would be very helpful.

There have been a ton of warning signs here on BP and other sites about the markets and how to be a smarter investor - but that is boring advice.

Amd in order for it to work, the seller, wholesaler, and the title company need to all be on board with it and an addendum to the contract outlining the change in price needs to be created and signed.

I have already signed it. 

My GUESS is these homeowners have been tricked/screwed in to signing a long term power purchase agreement, often with no buy out provision.

He acknowledges he owes us $3.8 million and signs a deed to us to be filed if he doesn’t perform.  

For the value add we're going to fix up the roads, add a nice sign and fence, replace mailboxes, add lights and fix some plumbing leaks.

Before you sign anything, definitley pin down the timeline for permitting and building.

I've been reading more about subject to and here's what I've learned:-Good for sellers who are off market-Have low to no equity-Have a mortgage with a low interest rate (less than 5%)-Be absentee or out of state (vacant property, or have a tenant)The buyer would then take over the mortgage payments, and have the seller sign the deed over to the buyer.