I am in the process of buying a commercial property with one agent (with a signed Buyer Representation Contract), and am also ready to engage in purchasing a second property--closing within a month of each other. 

Obviously there are various types of loans you can get, especially being a first time home buyer and making this your primary residence...

You can't get a low down payment mortgage on this condo" is code for "something is a mess" just like "the seller will not allow the buyer to hire a home inspector to inspect the home" is code for "something is a mess." 

My guess, and it's just that a guess, is that appreciation is going to slow and the balance of power will shift away from listing agents and be more balanced between buyer/seller (shift has already happened in no small part, actually).

In my market buyers are PICKY with higher priced homes and they want perfection if it's been remodeled at all. 

@Joe C currently I just want to discuss the market/buyer trends in the area.

A contractor may do it, but expect to either pay for their time, or have them flat out say no, due to the fact you are wholesaling and won't even be purchasing the house.Also don't forget to account for all holding costs, lending costs,closing costs, etc when you tell your buyers about the "profit".

In which case your "list" of buyers will evaporate.

Do I just pay off to the bank after I receive the payment from buyer?

It appears to be a good cash flowing deal but comps are nonexistent because it's grandfathered into a single family area and as such I couldn't get any buyers to see "the light" without a solid ARV.