If you were professionally mentored or trained, which I doubt because I can't imagine even the worst trainer setting up a situation like this, you need to go to your trainer/mentor for the solution to this.If you just decided to go out and "try wholesaling" and this is where you ended up on your first deal, then seek a seasoned professional wholesaler active in your area, bring him or her in on your deal, and have them bail you out. 

To put it bluntly, your subject line for this post is at least a bit misleading as it implies YOU made this money.

In Southern California, I went through Real Estate Trainers.  

Some of the trainers, coaches and mentors suggest blanket repetitive leafleting, postcard in windows, local advertising in various forms and bandit boarding in a chosen areas among other methods to get inbound calls from motivated sellers.If you are looking to buy a list can you rely upon the answers given to questions raised?

They feel the HOA fees are higher than the value received for maintenance, repairs, etc. and that they can have a higher ROI on either multi family or SFRs.I like condos IF they have a strong HOA and IF they are upscale, because then they will be far less hassle than SFR and I am willing to accept the lower return for less problems.As I implied, you must analyze and establish a reasonable estimate of the expected value increase in terms of price and rent in order to come up with a projected return to determine if this is a good investment.  

My wife was a trainer for Floyd Wickman back in the day.. 

I assume you will require at least (3) floors to reach the (46) units which implies you will need/want at least (1) elevator. 

As far as I can tell you have an implied agreement if you have not signed anything.

That implies the current owner (or whoever has control of the estate) accepted the offer but the bank didn't give the ok. 

I typically target absentee owners, out of state owners, owner with names like "Estate", "Trust" and also look for owners who have owned the property for greater than 5 years (implied equity).