I would differentiate mine from the others in the neighborhood by doing something special like offer to pay for a Uhaul for a day for the move, or free TV with a one year lease contract (TV's are cheap now, but you could make it a tablet, or whatever),  or offer a one day certificate to the spa to rub out those sore muscles after the move, restaurant gift certificate, whatever appeals to you.  

There may be a work around to do what you're looking to do, but to my knowledge wholesaling has basically be declared illegal in this state as far as most people understand the option.If you do find the work around let me know!

Chances are when you are able to declare an income you could expense the cost of the furnaces against the income and avoid paying taxes or perhaps even better get a return!

Do I have to declare the income if I rent it out since the main house is paying all of the bills?

However they had a house go into foreclosure this year, declared bankruptcy, have no landlord references, currently lives with his mom and he's around 40 and had his money give me the deposit money.

This becomes a chicken & egg discussion for me.Not to mention the fact that I'm not ready to declare, in perpetuity, that treasuries are "safe".The simple fact is, people will always need a place to live and there is no new land being created, unless you are in Japan or UAE, where they are pouring sand into the ocean!

If you are the Vendor and the Purchaser has satisfied (removed) the financing contingency of the Agreement of Purchase and Sale, then s/he should have provided you with a letter of finance from her/his lender or bank declaring that the funds necessary to purchase your house are available.Satisfying/removing a contingency does not imply that the Closing date changes.  

Muscle smarts.  

Sure, he could be hiding something, but he hasn't hid that he declared bankruptcy and had to rebuild his wealth from scratch.

Worst case scenario, you liquidate these assets, declare ACME LLC bankrupt, and everyone goes on their merry way.