I was thinking about opening another bank account to collect rent and use this account only for rental necessities and/or saving up for the next rental.

Whatever currency was to succeed the dollar, how would the general public go about daily trade for necessity such as housing, food, etc.?

These appliances have become a necessity for people in different weather conditions.

I include basic necessities on the kitchen counter that I seem to, myself, always be scrambling for after a move! 

This was originally an investment out of necessity (owner occupied) but once we began renting this out and generating positive cashflow we are now looking to expand our portfolio.

We’re basically only seeing “necessity sellers” like divorcees, estate sales, job relocations, etc.

-Welcome gifts: Welcome mats, memo pads, snacks/sodas, & first day necessities.

The cost of living has increased so much we are forced to use our credit card to buy necessities.

A wholesaler who intends to double close will indeed be purchasing the property from the selling institution, and as such, will need to have the funds to complete that transaction.Therefore, the buyer should have the same proof of funds that any REO purchaser would have; the addition of a second contract to the end-buyer has no influence on the necessity of the wholesaler to have proof of funds...and those funds...available.As for simultaneous closes, that's a different story, and I don't know enough to support a claim of legality nor illegality for those types of transactions.

Having a realtor on your team is a necessity; they can find you more deals, owners are usually more comfortable speaking with a licensed professional about the sale of their home, and that means more deals for you.