The fact they are complaining online might be an indication the property manager dealt with them properly so be sure to ask the manager for their side of the story.I hope this basic guide helps.

@Janeile Cudjoe-Myers A few things that quickly stood out to me - that may or may not be an issue, but I would research further - are the restrictive covenants and the "city owns fee simple interest in the land". 

For the record you cannot be the realtor and wholesaler on a 203K transaction for it would be an Identity of Interest.

I am an agent in PA. My wife is not. We are about to get involved in wholesaling/wholetailing, and I wanted to make sure I'm doing it within the legal parameters in our home state. We will likely get an LLC for our wh...

If so, will there be an increase to the cost2.

The mold shouldn't be an issue if you plan to take out the drywall and get rid if it.

Also, if something significant is revealed during the inspection, and you want to trade remedying that issue for a vacant first floor, that could be an option, but the issue should be material and not exaggerated, and the seller should have the option to remedy the inspection issue instead of making the trade.Lastly, and somewhat unrelated, you should always require that any security deposits, and interest accrued on such deposits, be passed on to you at closing.

I'm still in the research phase of my real estate investing but, one thing I know is that I want to be an investor, not a land lord, so I would be using a property management company. 

You have to separate the refi from the 1031You can buy SFR from exchange proceeds, but you might have to buy as investor. it is supposed to be an investment property but as long as you hold long enough you can switch back and forth from owner to investment

Another option I believe would be a 1031 exchange which potentially defer all capital gains taxes BUT it would need to be an investment property first, ie, rent it out for a while, and you would need to use the proceeds to buy new investment property which I’m not sure if you’d be looking to do that.