This is a pretty in depth process, but it's the best (and only true) way to find out who is actually buying a lot of property out there. 

You need an in depth knowledge of financing contracts and sources of funds before you can dance with them.

I use the Biggepockets tools but want a more in depth knowledge to add to my resume. 

I wrote a blog for the site a couple of months ago on the same topic: http://www.biggerpockets.com/renewsblog/2009/03/04/wholesale-transactions-avoiding-dealer-classification/ However, my blog did not go into the depth as John did in his article.

Obviously you'd want to do a real in depth inspection of the property, and make sure that the property isnt so out of touch with code, health, and just overall standards of living.  

This is becoming a site of really bad information on this topic, even in the blogs and people acting or speaking as if they have expertise, they don't have for whatever reason. 99% have no lending experience, no origination experience, no depth of knowledge of the secondary market, no commercial lending experience, no underwriting experience and no lending compliance experience.

So experts.... for all us simpletons can you or can you not "Beat The $52k Solo K Limit"  a simple yes or know please, we can explore the depths of the intricacies after we agree if it is possible.

In other non-vacation areas, it's sometimes viewed more like boarder housing, which is viewed by some towns and cities as bad for the town if not regulated, both from a safety standpoint (like modes of egress), but also the effect, if any, of providing migratory housing for transient populations on the local area.

Reviewing the underwriting in depth is something most passives just don't know how to do.

(No footings/insufficient depth/freeze-thaw heaving) You might be better off simply removing the concrete and rebuilding the porch out of wood.