TREC sale contract signed by buyer and seller.Buyer put a Memorandum on the property clouding the title stating the date of the contract.

Typically, when we close with a conventional lender there is paperwork we sign that states we intend to occupy the house for at least a year.  

There are lenders in all states drooling to fund 200k potential profit deals.

There's a notable article in the Telegram and Gazette about the spike in demand at food pantries, "Food assistance: Demand at food pantries spikes as rents increase and wages do not".It's safe to say that the majority of visitors to food pantries are renters.

When I told my lender about the property, they stated they could not finance if it is under $100k.Does anyone have any suggestions for trying to get this property financed?

(The reason you pay an expert not listen to me or the internet.)I BELIEVE in a community property state you get a 100% stepped up basis.

Many states now require a “wholesaler” to be a licensed real estate agent.

If you are ever looking to invest in the Sunshine State feel free to contact me!

Also I would like to add that they make good on reimbursements as you close deals, like they state.

JohnAs others have stated, depending on market management fees run 8-12% a month, plus a leasing fee o 40-100%.