I just need Basic Knowledge about wholesaling, and what contracts to use.

At about the same time, I go to serve legal notice just in case they don't, to pay utilities or vacate, when I find out they have not paid utilities.

Without getting it under contract, they won't share tax filings or monthly cashflow/expenses or the lease terms.

sub 2 is an advanced acquisition strategyTips- have a great contract attorney - learn and use property trusts- have great paperwork- have the ability to refinance if the loan is called by lender

Ask them for the sales contract in your state, and how to execute the contract properly - to be signed by the both you and the sellers.The title company and your attorney will take care of the rest.In regards to finding out if he/she is the real owner, you can check the county records for their names to the property.

An example can be found in the BP community when there’s not one day that goes by that I don’t see a post along the lines of:“Help, I have a property under contract, I need help with the next step”“I have a house under contract, what’s the best way to get financing?

@Joel Owens I met my mentor after I had my property under contract.  

Hello,I currently have contract to buy a duplex in Lexington, KY.  

Most wholesalers think they have a good deal when: ARV=80K, Rehab=20K, and they have it under contract for 50K, all they see is 10K profits. 

Here are two examples where knowledgeable and experienced friends made mistakes:A well established park owner bought a park and paid for it without separating the good will and equiptment from the actual land in the purchase because the contract was vague in that area.