Right now things seem a bit overwhelming, but I'm pressing forward!

Press them for an answer. 

You'll be hard pressed to wholesale a bank owned property unless you buy it outright with your own cash and then resell.As a good rule of thumb you should avoid trying to wholesale properties that are already listed on the market.

That sounds ideal, what you and Chris mentioned, working on the mortgage/real estate sales side during the year, and it's encouraging since my time is pretty pressed from being on a team!

Keep pressing on!

When we pressed them for more information they had to go back to the sponsors to get it.  

id=HUDContingencyPlan2013.pdf From a National Council of State Housing Agencies press release, During the briefing, HUD officials confirmed that Section 8 Housing Assistance Payments (HAP), contract renewals, and administrative fees for October 2013 will be paid on time, due to advanced appropriations allocated for this purpose.

Remember, contracts that are impossible to be performed by the parties are not valid contracts, if a future price comes in that the buyer can't afford, that becomes an unknown as to their ability to perform and you'll be making a refund if they press you.

I rent to every tenant on mine Month to Month leases and am sure I can be more flexible but dont want to press my luck either if things go South with a bad tenant.

It's new to both of us but we are able to keep each other motivated and have much more confidence to press forward.