I would also take the time to get information on MDs laws concerning wholesaling and what you need to do to make sure you don't break the law and act as an agent.

Some of the issues presented in biggerpocet regarding contractor's (delay work, incomplete task, not been way off schedule, etc.) are some of my concerns. first, I was going to do is get a real estate attorney however, with a detail contract I am sure some GC (general contractors) will not want to get involve.

Reason Im considering selling at the end of the lease (March '19): I'm concerned that in another year, higher rates will make it harder to sell a property this expensive and another inevitable bump in terrible Texas property taxes will push the needed rent to a place that isn't feasible.I'm not familiar with a Mortgage Wrap, ill have to look into that.Kraig

My final concern is that the one tenant has 3 pit bulls.

A deeper market for the ownership interests and the increase in investor liquidity is expected to be accompanied by an increase in value. 

Obviously violent crimes like murder, assault, and robbery are more concerning than property crimes.

You are mostly correct In your concern .

Let's assume the big concern are the tax implications since the projected gain before the exclusion is $1.2M; see projected gain calculation below.

Again, if you are buying this as a foreclosure, then this would pertain but if this is a standard transaction and not from a formal foreclosure preceding then it should have no part of the contract.Here is the NC State Article concerning the sale of property (see page 15 in subsection .22).Here is also a link to the results page from searching "10 day upset clause" in google.

I'm not concerned about the 90 day holding period as I am more interested in rehabbing and renting.This particular property was just listed, but we'll see if they are willing to play ball.