I live in MD and I am aware that there are many rules you must abide by in order to properly wholesale a home.

If the lease has terminated you can move to eviction but you must provide the proper legal notice in order to get a court date (probably a full 30 days).

Question his competency and have a witness as to him executing contracts, like a notary.

The landlord could properly charge only $200 for the two years' worth of life (use) that would have remained if the tenant had not damaged the carpet.244 Repainting walls One approach for determining the amount that the landlord can deduct from the tenant's security deposit for repainting, when repainting is necessary, is based on the length of the tenant's stay in the rental unit.

Perhaps it is for the best though, this way I think there will be less risk of me entering into a deal without having done my proper home work. 

Here's how.1 - Buy/rehab a house for $50k...sell for $75k2 - Bank the $25k profit3 - Do #1 again4 - Do #2 again5 - Combine profits from #'2 2 and 4, the original $50, and....6 - Buy/rehab 2 properties and the same time7 - Take profits (2) from #6, combine, and...8 - Buy/rehab 3 properties at the same time.9 - Now, execute a combination of flips and holds (refi's...use partners with credit if needed), three properties at a time until,...                 ...your arm gets tired.

I'm in the process of wrapping up employment with my current organization and becoming the sole employee of a 501c3 as executive director.  

In that case, I think all you need to show the bank is that you have a fully executed 1-2 (or more) years lease agreement locked in with a tenant, who has given you a non-refundable security deposit (1-2 month worth).

Those banks selling off generally have "buy back" provisions built into the loans in case they were not underwritten properly and a default occurs.With commercial lenders they look at liquidity, net worth, annual income, and track record.You can overcome track record with high net worth.

We specifically need help on understanding and  getting proper asset protection lined up.