And now it could be headed for trial.Not sure how many more steps this thing needs, but it's over the limit already. 

The seller has offered a 2-year option, but the purchase price seems a bit steep given the limited data.

Most are also licensed real estate brokerages so they have all the proper licensing, liability coverage, E&O insurance as well as remedy through the State’s oversight board.

Best to ask your loan officer because there are so many ifs, and but whens involved in qualification guidelines.Not sure why your relative doesn't want to disclose the terms (tax liability?)

I have no wholesaling experience and my knowledge is limited on the topic, but it is something I would like to get into.

Will keep your cash-flow going and limit your maintenance headaches.   

s to ask to limit 30 inquiries down to 3 in moments;)  I do not spend time receiving 96 'is it still available?'

I think our limited options due to cash constraints would likely force us into the "wrong property."

This limits my ability to see if they are employed, any information on prior rental history, criminal history etc.I planned to ask the owner to get them to sign a month to month and tell them that my intention is not to put them out after each month (which it isn't) but in case things go bad I do not want to endure it for a year.

In fact, here you must consider the "tri-fecta" Wind, Flood & liability/property.