Closing costs are free for me due to a company legal plan I enrolled in.The assessed value is at 19k and the comps look to be selling at 20-24k.

If you want to be a host, but do not own anything, you can still do that and make money.Homeowners who don't want to have hosting duties can offer their unit(s), and a Host can opt to take it on.It is a great matchmaking opportunity for homeowners who have units, but don't want to do the work, and for a Host who doesn't mind the work, but doesn't have the inventory to both profit.Anyway, I just thought I would throw that out there since there is a legal, and inviting way to do what you are talking about without getting in trouble with a landlord OR take on any added leasing debt liability.

I am brand new to wholesaling and I just want to avoid any legal issues. 

However, upon our last discussion with local CID, they told us that we need to have a Modular Manufacturer Bond with the State prior to registering with the State and getting building permits.

Not licensed in Maine, and this isn't legal advice.

She is more than 2 weeks late every month she has lived at the residence (also, she is an alcoholic and hostile with the other tenants, but that's not a legal reason to terminate tenancy).

They do this for the tax benefit as well as the legal protection.

Just want to make sure this is a legally possible plan.  

By the time your negotiations are in place and you need to make transactions your entity will be filed for registrations and you can start transactions in name of entity. note: by no means legal advice.

This means that the legal title remains in the name of the seller until the loan has been paid in full.