It’s great to see your enthusiasm and commitment to learning wholesaling.

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What I know is that for doing tangible real estate projects, a Spanish SL is needed as a working entity that holds the asset on its balance.

Here is a presentation I made describing the benefit of doing such vs a regular investment.

I realize it's just an example and my comment is a generalization but just something to be aware of.With regards to the original question, I think it comes down more to what you want to do and what the offer is for walking away vs. rebuilding.That is the exact example a public insurance adjuster used when speaking to a local investor group a few years ago.

What ever you're doing to find/buy/create deals is working.

Took an extra 6 weeks than planned,  but ultimately got it done. 

I didn't have to do anything to it.

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

It wasn’t easy—there were tons of repairs needed, from plumbing and electrical updates to cosmetic fixes like flooring and painting.