An attorney will never guarantee you can win at trial, a CPA will never guarantee you won't get audited and an inspector won't ever guarantee the house they just looked at won't fall apart.  

Some closing companies will interpret the law differently than others, then then refer back to possibly being audited and they don’t want ANY grey area in their closing process and will refuse to double close without each closing acting separately.Outside of North Carolina, Illinois is also another state where I see wholesalers using Transactional Funding for their Double Closings due to a “Brokering without a license” law.

I am a graduate of Temple University and currently working in IT auditing.

That is not legit, and will not hold up under scrutiny or audit.

Pay your bills, do the maintenance, service the HVAC and appliances, have insurance, do appraisal audits.

The purpose for the county treasurer calling for an audit is because the taxes owed (section A1) is more the value of the property and this gives him permission to sell the property at the auction for 2/3 of the value which is lower than the amount of the taxes which are due.

Unless you get audited and there is no adequate documention, IRS might give you trouble. 

If they happen to audit you, they'd quickly learn of any obfuscation and that wouldn't be good for you.Again, good for you for taking the plunge.

No one seems to question that the CFPB can audit any of my loan files at any time without probable cause or a warrant (overall I accept this and think it is a good thing), but that's very different than your or my personal car or home. 

If/when I ever turn over my properties to a professional PM I'd expect monthly/quarterly audits of every property along with photos of completed work (as I require for all contractors currently).