First time poster here, hoping to become an active member going forward.   

While I know the property has appreciated based on the market, I'm not sure what the property would appraise for, but I could tell you what I think investors would pay for it based on an NOI of ~$33,000 at the cap rates properties are trading at in the bay area.So, if I can't borrow against my theoretical equity, the thought of selling and trading into a larger property had come into play to put that equity to work in a better way.

True story-- on one of our last open houses-- the cops came by because there was too much activity (15-20 people?)

You need to make sure that they are an active participant in your program.As examples:if you say you are looking to find off market properties, that would mean that the agent would need to call around neighborhoods looking for potential sellers and follow up vacant home leads. 

The most time consuming activity is renting units. 

@Jay Hinrichs  In WI you dont need a license to buy, but you need a license to sell more than 3 in 5 years or 5 in 10 years. also the wording that could make wholesaling Brokering is "for a fee or something of value, and for another"  now if a nonlicensed person wrote an offer as *** Buyer and or Assigns, they may sell the contract, however Intent plays a HUGE role.

I see your point about playing hard ball.

I am assuming there are varibles we need when presenting to people for funding purposes as to how our aquistion plan is going to play out

The father was a veteran.Due to interest rates rising, I suspect the lender may call the loan due if the deed changes name however I'm not sure if this deal can move forward because of triggering the due on sale clause and keeping the estate active to do Lease Option?

@Marian Smith @Curtis Stoddard   I completely disagree with "a background check is who you are", unless you have a lifetime of criminal activity.