How does that apply to an instance like this where the rent control is not in a "zone" or a property type, but cart-blanche across the board for rental property period, so in that, there is NO property in the area that is not under rent control, the entire city is. 

Then if all goes well, we'll renew the addendum for another period.

For example, in the Smokies, I recall a period in the 2009-2011 range that I couldn’t rent my cabins for practically any price.  

Any EMD would go direct to escrow and then and only then once I have reviewed and agreed to the purchase contract and any and all terms enclosed in it such as inspection timeframe, closing, purchase price, who pays what closing costs, etc.Your due diligence must happen prior to accepting the wholesalers contract unless you also are granted an inspection period inside the purchase agreement with the seller.Everything is negotiable so if the price from wholesaler to you is too high, negotiate it down.

Also considering a big private loan, but as there's no telling how long before some of these will be vacant (they're all MTM but don't want to jack up rents so high that everyone leaves) so I don't want to be in private money for an indefinite period of time... 

I am in the Navy and will have to deploy for extended periods of time, so I need to look for a property manager for that reason.

The last question I would ask is what is the seasoning period??

Be aware that the market is not as insane as it was six months ago, and we are transitioning to a slower period anyway.

When we went into contract they only asked for 3 day option period and they hired their own inspector.

The issue is the short time period before the closing.