That may affect your ability to get the new loan.

The reason it’s risky is because your name isn’t on title as the owner and for you to turn around and sign a contract stating that you have the ability to sell this home isn’t correct because technically you do not own the home and do not have rights to sell it.

That being said at the minimum get a Bill of Sale from son granting to you all ownership he now has or may have in the future by virtue of the laws of inheritance.You really need to find out who the legal heirs are though or you could end up in a bind.

Having the ability to talk with confidence to your sellers because you know have real players that can close will put your whoelsaling business in perspective really quick..I luced out and found 1 cash buyer who bought my first 4 deals.

Make sure you check the violations and if they affect your ability to get the property habitable.

I decided that might be too risky for me at the moment so I continued to try to think "out of the box" to the best of my abilities, and upon doing some research I came across a real estate investing strategy known as "wholesaling".

I want a buyer with the ability to close with all cash.

Consider that if you pay cash, you lose the ability to use that cash as down payment for additional properties or for reserves, as @William Brace said.

Might ask as to the trustee's ability to carry out the terms of the deed of trust.

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