I have researched it, and it seems that you need a mortgage originator license from the state, and to be registered with NMLS to offer these types of loans. 

Then you will be well positioned to maximize the rates during your busy season.Alternatively if you list during busy season, you can get more bookings when traffic is up, but you will have to drop rates to compete with properties with ample reviews.No good answer, really as it is painful either way, but it is a preference on how you want to do it.

So, the answer to your question here is generally yes!

Having trouble finding an answer to our situation.

If the lawyers were hired by the wholesaler, don't listen to them or answer the phone when they call.

Our original plan was to build wealthy by holding this property for 10+ years but now we are thinking 200K tax free is sounding pretty good.

I'm having trouble finding a definitive answer on this.

How would that work if the property is being owned by two unmarried joint tenants with rights of survivorship, with only one person on the original loan?

The short answer is Yes, absolutely!

Curious if anyone is paying the mortgage directly themselves and if that could or would create any issues not coming from the original borrower?