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. 

To qualify as a true bedroom it has to be at least 100 sq feet and have a closet.

The main concern I have is that this deal looks too good to be true. 

I too find it amazing that a property that has sat for 2 months suddenly has "multiple offers," yet we as the buyer can never truly know if this is true.

Financing depends on if it's a second home or true investment property... 

Glad to hear my employees are staying true to that.

I have not come across them in the Charlotte area, but two things stand out.1. 10-20k a month seems like a ridiculous amount so I'd imagine that it is too good to be true.2.