Plus, I would vet the tenants with a background check, application, etc to weed out murderers.  

Maybe you have some construction and project management background.

First some background.

In your first example where you get a property under contract for $50k and then assign it to your company for $65k, I'm assuming that'd be a cash purchase so - while you technically could do that - it would serve no purpose and you'd have to pay an extra $15k at closing. 

A solid background check can save you a world of trouble later.  7.

These systems are now under tighter scrutiny as privacy laws globally begin to expand.Here’s how regulatory changes are directly impacting the real estate industry:Tenant and Buyer Data Collection:Real estate firms collect sensitive personal data such as Social Security numbers, financial records, credit history, and background information.

You’re on the right track, and your background in construction will be a huge asset.

I understand where you are coming from, but I am trying to purchase it with technically not having to put any initial cash in except the wholesale fee.

For those that think purchasing in the Northern Virginia Market is out of their scope here's the background on my wife and I's latest investment.

Even though we do run credit and background, I refer to us as private money lenders rather than hard money lenders based primarily on the cost of capital.