It prevents many assets from actually selling at auction.

Assuming you will have around a 10% equity stake in each property for your $2.0 Million you still need to make or raise another $140k plus, chase your dreams but keep them rooted in reality.

By putting a deadline on it, it prevents them from dragging their feet as well.

Kenny welcomeWe are all rooting for you, man

I would get a copy of the rental agreement and see when it expires and if there is any language preventing new ownership from increasing rents.

It does not, that I could find quickly, allow you to cross search comparable properties.The property not being listed in MLS does not prevent the agent or any other agent from pulling up comps close to the subject property.

Heating, plumbing, and electrical) have not been recently checked, I would recommend having those items inspected for preventative maintenance.

Im sure your right, if there is a law that prevents this from kicking in then im sure it will get extended.

i've seen banks fixing simple things such as no carpet, or adding an oven and countertops and cabinets--things that prevent FHA buyers from purchasing that house..but i haven't really seen banks fixing up properties to flip standards

I believe that social conditioning would prevent most agents from delving into wholesaling...A person can watch you make money but many times they are to worried about perceived lack of security or taking a risk to give it a try.