Also, I’m curious—have you found that lenders’ confidence grows after seeing how smoothly things run, or are there certain aspects of the deal where they tend to focus their due diligence?

I get the depreciation aspects. 

Why not just write the initial $50k offer in the name of your company and avoid the wholesale aspect of it altogether?

I will check with the seller whether they are getting confused with seller financing aspect.

And the fact that I've known this wholesaler for quite sometime outside of the business aspect still has me believe there were no fraudulent or misleading practices done here.

Achieving a 4098% IRR in just 58 days is nothing short of remarkable.I’m curious about a few aspects of this deal:Entitlement Process: Can you elaborate on the land entitlement process?

Only asking since most newcomers to wholesaling get caught up in the aspect of having "all their ducks in a row" that they forget to focus on what actually matters: deals. 

It is missing one aspect of property management - maintenance requests/tracking.I'd say Stessa is great for managing one to 20 units.  

I would not add much, a simple bedroom, bathroom, kitchen, and hvac.Another aspect of this deal is that the building is listed as a historic building and thus could qualify for some grants. 

If you have a good screening process that checks all aspects of their background, you'll weed them out through other means.