Anything that prevents buildability that we know today..

Also, once you give an offer, what are you doing to prevent being "shopped" around for investors willing to pay more?

Shouldn't there be a way to prevent anything from posting without author ID?

If Leo's service buddy is willing to sign and walk away, could @Leo H. if he still has it and is willing, try to make this situation right (or more right anyway) by giving up his $2K fee and send the money immediately to the bank to prevent foreclosure and help the original seller start the eviction process with tenant in place? 

Given, that, and assuming your debt to income ration would not prevent you from getting another mortgage, you best option would be to save up the down payment for you next purchase.

But that's unlicensed brokering (which is ultimately all wholesaling is, though regulations and codes of conduct would prevent an agent from doing this deal without making the seller completely aware of the true value.)  

The tenant was friendly and although his wife did have some health issues, they were not the sort to prevent a showing.

Here we manage maintenance risk through a thorough preventative maintenance system (I used to be the Street Maintenance Manager for the City of Lancaster, CA) and we shift risk through the lease-purchase by receiving a large non-fundable down payment and making the tenant/buyer responsible for all maintenance.We set the purchase option price at a premium of 18% since the tenant/buyer has 30 years to execute the option. 

Pest control has sprayed everything while the walls are opened up to hopefully prevent problems in the future. 

Use a FICO Improvement coach like Blair Warner http://upgrademycredit.com/services/The terms I use are term 12 months, with possible extensions, 3% down, market rentsales price =  current appraisal or within 5% or current appraisal.Understand you have to also look at what the IRS considers a disguised installment sale and to prevent that.See http://www.biggerpockets.com/blogs/3/blog_posts/40...Best of luck!