The scammers that tie up properties for 30, 60 or more days with escape clauses that never had an intention of closing are a public nuisance as Bill Gulley describes them.

By the way, like Travis, I am not negatively cash-flowing, and have no intention of buying properties that cash flow negatively.

However if you are wondering about the proof of funds because they are asking how you will fund the purchase you will have to get a letter of intent or such from the hard money lender and you can mark that on the offer.

Is it smart to send out mailings to potential sellers if your intention is NOT to wholesale the property?

Selling a contract is the most commonly referred to way but, if it can be proven that you entered into a contract to purchase a property with the sole intention of selling your rights to that contract without ever having the intention of purchasing the property in the first place than you have entered into that contract in bad faith and that is illegal.  

If you intend to write contracts with no ability or intention to close, I would consider a different alternative.

He doesn't give us much insight into his game plan other than the intent to move in to it and live there.  

Some state courts have even considered the intentional failure to disclose transfer of title to be fraud.

I have 2 accounts with them, these each have their own set of rules (the two accounts were intentionally set up by them because of this).

Brad Noe , I don't know the answer to your question, but would advise that instead of asking folks that while well intentioned, for the most part don't know the laws, particularly in Kentucky, you should instead go to a local real estate attorney's office (I use Borders & Borders) and ask.They have always been very helpful in answering my questions and won't charge you for basic advice like that.On a separate note, pm me if you are looking for another buyer to add to your list!