Is this legal?

This is not even close to the documents required for a properly drafted loan.

Hey BiggerPockets community,
 
Im a beginner wholesale real estate agent based in North Carolina, and I'm excited to dive into this game! I'm currently on the hunt for my first deal and eager to learn from all of you ...

They are supposed to send me all the legal documents needed to transfer the payments to whomever is inheriting the mortgage. 

Next up is a huge financial hit: closing costs.

With proactive planning, they should be able to close on replacement properties within the 180-day period.

Without it they are not legally required to do that (look up the "blue brochure" https://dopl.idaho.gov/wp-content/uploads/2023/10/irec-Agenc...).

When I buy an occupied property, I introduce myself to the tenants on the day of closing; then, I inspect every unit within one week.

.- Legal and Tax Implications: This strategy involves intricate legal and tax details.

There are people who buy a longer term (12 months or more ) OPTION giving them a RIGHT to purchase a subject property, at a certain price, within a certain amount of time, and attempt to either sell the option for a higher price or close on a simultaneous purchase and sale to an end buyer paying a higher price.