My initial planned exit is to wholesale those deals I create to other investors so that I can validate and refine my ARV and Rehab estimations with another set of experienced eyes.

I don't think they can ask for such a thing unless the lender has somehow contacted them and asked for direct payment- might even have to go through the court system to make it valid (just my guess).

Much of the difference will be the representations and warranties that are made by both parties to the transaction inside the contract.

For a 'subject to' you would have the title company write up a Special Warranty Deed which simply transfers the title.

Will banks typically accept these credits as valid?

@Gary Kurtz you ask a very valid question.It comes down to time, money & choices.Can you buy property with an agent to acquire property off the MLS that cash flows & you are happy with the result, is that acceptable or even possible?

Valid points Michael.

There is a property I am curious about on there but it says "Buyer will receive a Special Warranty Deed (SWD) or equivalent"I understand SWD basically the seller is only giving warranty of the title for the period of ownership, in this case it's a bank and they didn't take possession until July of 2013 after they claimed it back after the county auction.

If the tenant has a valid lease you MUST honor it.

Bill Gulley "A sheriff's deed doesn't grant warranty as the chain of rights and title conveyed were broken.