-what steps should I follow if I accept his offer?

Normally my underwriting requires 10% COC but I’m willing to accept less for a no hassle rental I can check on during our yearly vacations and take advantage of some deductions.

Get good at ball parking estimates, place an offer if they accept then use your inspection period to perform the in depth report.

How do you tell the difference between the authors that know what they are talking about vs the ones that don’t or just don’t want to put the effort in to writing a comprehensive book on the subject and just give useless philosophical ideas that haven’t been tested?

The seller of a unique property accepted our offer a month ago and we are set to close in about another month.

We negotiate a move out date and to be acceptable to me, it has to be within a couple days of my first allowed opportunity to file for eviction.

I can certainly make some suggestions on a Georgia-tested lease, but I've gotta say this first...If you're raising the rent anyway, I would strongly urge you to consider adding in enough margin to have the property professionally managed.Property management is where most buy-and-hold investors lose their shirts!

Have applications available along with the written criteria you will use and documents they must produce for them to be accepted. 

Each rental is looked at separately to see if you meet the test put out by the IRS. 

But, the truth is you don't really get to determine the wholesale fee: Your seller and your buyer do.Wholesale fees are not set; they are earned.The most you can charge is whatever still allows your investor buyer to make an acceptable profit.