There usually is some finance clause already in the agreement.

It's usually easier to reduce personal PITI and consumer debts than to magically make your rental income double.

When most people think of wholesaling, they're usually referring to assigning a contract. 

New cranes in the air will probably not help the current rent situation from a landlord-perspective, as more competition comes (however, this usually comes along with more upscale tenants now exposed to the area). 

Even if its a gold mine, land cost is usually very small compare to overall project thus profit margin is low as well.

Though it is in good shape, it has an old pre-war "feel" and has not had the usual flip-style renovations that you find on Zillow.My questions:1 - Should the house be priced significantly less than renovated houses of a similar size?

After some research, it seems, there is nothing illegal about it, as long as there is not active knocking/engaging with the home owner, as well as staying away from communities whos HOA has a no trespassing signI get them all the time at my house, but they are usually for restaurants, which isn't offensive at all, which is why people probably won't complain and much as "I would like to help you sell your house if your house, etc"If anyone has any advice or knowledge about possible fines associated with this it would be much appreciated. 

Usually Airbnb provides you a concierge to help you go thru the setup process so you might want to just start with a fresh Aribnb account and start over with them. 

That usually works...had to do that a few times.

If the PM takes the time to format it the way I want (Pictures, competing bids depending on cost) I can usually give "Potty Approval" by text or email.