Ideally, you'll want to negotiate all the salient terms of an agreement via informal communication and letters of intent, then bring your attorney in to draft the documentation. 

Joseph Coach from Pasadena, California**NEED ADVICE PLEASE on the best use of my time, as I drive a commercial auto transport truck 10-16 hours 6 days per week.

BUT before you do, here's a good question for you to answer: IS YOUR MARKET AN IDEAL FLIPPING MARKET?

@Matt Cramer  Without knowing the fine details I can only give you some basic input...The trailer will depreciate in value, but ideally the lot will of course appreciate, so the value I imagine is in the land. 

You'll want to make sure you have MLS access (realtor.com or via a local realtor -- ideally both) as zillow's MLS info is often innacurate or outdated.Also check the REO sites directly (auction.com, hubzu, homepath, hudhomsetore, hudsonandmarshall, etc) as not all of their properties end up on the MLS or zillow.

If your housekeeper has access w&d in his/her own home then that would be ideal.

I also have 3 rental houses in Las Vegas, which I purchased at the ideal time a few years ago.

So I'm just wanting to have the opinions of the members of this forum about this subject.I do understand that there are many who do not believe that the MLS is a good place to do wholesaling so I would prefer not to have that debate on this thread because although I do agree that the MLS may not be the ideal place for wholesaling I do know from experience that they exist in large numbers on the MLS, it is just a question of uncovering them.

Is this a viable ideal, or are there too many what ifs?

That would be ideal.