The property requires about $15-$20k of exterior repair that the tenant is willing to do.This seems like one of those too good to be true deals.How do I protect myself here?

They have shown their true colors and will be nothing but trouble.

They ultimately choose them because of pricing and it has now cost them at least 1.5-2 times the normal contractor pricing and the deadlines are usually set back because of it.When you are part of our client base, if you choose us to complete your flip, you can rest assured your project would be completed by true professionals, on time, on budget and most importantly with the highest quality of craftsmanship possible. 

Sounds like you are on the path to true financial independence!  

@Ryland TaniguchiSo true.

If it's acreage you may classify it as agricultural which can fall under a commercial loan, same is true if the buyer will be using the property to further a business venture, in such case, you're exempt from such origination requirements. 

It is hard to imagine a wholesaler could come up with a true win, win.If you decide to keep the property, I would get a good property manager and let them take care of everything for you and your brother.  

@Marcia MaynardAccount ClosedI also allow my tenants to deposit directly into my account.Like Marcia and Nancy stated, it is true that in most jurisdictions, including my own, that depositing a little as $1 (or penny for that matter) will stop an eviction.

Is this true?

It's an unfortunate stereotype but one that I've found true nearly 100% of the time.