This IS, legally, your late rent notice; management is following the legal steps they must go through toward the process of eviction. 

@Roger Poulin  You mentioned that doing this would potentially not trigger a due-on-sale clause, and I will seek legal advice from this, but I was under the impression that if I take equitable interest in a property then it could likely trigger it.  

The lease is a legal document that needs to be honored by the buyer.

People I've spoken to have suggested it sounds like a scam, because the company just wants my details, then apparently they are going to create a fake identity in my name, and put me in debt..

(This is not legal advice, merely my opinion.)

@Justin Young, There is no specific debt level that works for or against a 1031 exchange.  

There is a fine line between legally wholesaling, versus being an unlicensed broker. 

It raises a few alarm bells to me that he's not just listing it to sell if he wants out and his debts are adding up.  

Hi @Tim Phillips I didn't find any Ohio limits on application fees here:http://www.nolo.com/legal-encyclopedia/overview-la...I assume you are using an application first to screen potential applicants as you could have a statement on the application that there is a $35 nonrefundable fee even though you wouldn't be collecting that with the application.  

Also, I've been hearing a lot about "good debt" and mortgages and everything and I'm a bit afraid of any of that because I already have student loans to pay off...