This is an interesting idea - I've actually thought about it a lot lately. 

Key Check gave me credit and debt load, which was surprising, as most other methods people don't share.

Copies of Leases: Have you been able to review the actual leases in place to see who is responsible for what?

Additionally if you are deeding the property you live in to an LLC you may lose the homestead exemption which could actually increase your taxes. 

In this case, would he actually need to pay any money for the down payment, or does it basically cancel out in the debit/credit line items?

We mostly buy off market now but I remember that is actually how I started investing, by flipping foreclosures. 

Since you're open to markets beyond NYC, you might want to connect with local investor meetups or REI groups in those areas to build relationships with agents, wholesalers, and lenders who understand the nuances of each market.If you're looking to break out of analysis paralysis, maybe start by narrowing down one or two target markets and running numbers on actual deals.

Or is that actual so you have the ability to add more to the bottom line? 

We have and do lend in Birmingham and have seen lots of folks buy 45k houses put in 30k and expect them to be worth 120k-130k but they are actually worth 80-85k. 

I’m looking for insights on which states allow you to list a property on the MLS as soon as you have it under contract—but before actually owning it.I know that some states have strict regulations around wholesaling and marketing equitable interest, while others allow it as long as you disclose your intent.