I've read plenty of articles around the Internet, plenty through this website, and read a couple books (Rich Dad, Poor Dad). 

When you are getting into real estate as a wholesaling Realtor® then you absolutely need to concern yourself with the following....Article 4 and Article 7 of the NAR Code of Ethics (with respect to who gets paid, when where and how; along with disclosure of your true position in the transaction) True disclosure of the property's real value (Article 4) Disclosure of your Agency Status (working on your own behalf, NOT as a Fiduciary to the Seller) (State laws, Commissioners Rules, National Association Rules, etc)A State Contract (Considered a "Standard of Practice" for use by Realtors® when purchasing property, so I'd be hesitant to use 2 page internet contracts)There are a TON of blogs, podcasts, and other resources available to the agent who is looking to learn how to wholesale or add wholesaling to their repetoire of services! 

There's really no need to speculate since most newly renovated properties provide pictures of he finished work when they are sold either via the MLS or on the Internet. 

If so, of course the inspection is for informational purposes, that's silly, the 5K limit is a concern, that should be left to your discretion, I'd not go there, I want it inspected any significant matter gives me the right to drop the deal.If it isn't a cash offer and you are financing, the lender's requirements will trump anything that seller adds, if you don't have the funds to repair and the reserves they require, they can require it repaired of they pull the loan rug out and you're not at fault.Don't assume anything about contributions here on BP, being a great person on the internet, having a "good" reputation here is no excuse not to do your due diligence, just because someone may be loved and admired doesn't mean they know what they are doing, in fact, might be a good reason to look closer.

I've read mixed reviews on the internet, couldn't find much here - any feedback would be great!  

Im heading out the door in the next month to deploy and won't have great internet connection to keep with BP podcasts and forums. 

Most of these people can be a challenge to find as many do not look online for apartments or even have the internet to email. 

1 Static internet address is not usually needed, normally the wifi router handles the address assignment and nat translation.

I assume a lot of people hire property managers to deal with the local stuff and then deal with logistical stuff via internet.

But more generally, "it's the Internet, brah".To answer your question, yes HOA's will often foreclose to get the delinquent (and possibly abusive/drug addicted/etc/etc) homeowner out of the unit.