IMO anytime someone starts talking about putting a senior out of their home without even enough money to pay closing costs the situation should be looked at critically.

(This would be something you may need to speak to a attorney about the legal aspect of this). 3. ????

There is one aspect to consider regarding this guys post....I read only page one if this has already been brought up:Now initially I thought it was funny and the replies were as well (lol at stab with a carrot slicer)Notwithstanding the fact that laws are above all provisions you may wish to add and felons are already covered in this regard:What about landlords that rent to tenants with criminal history? 

No advice as far as the loan aspect as I have not done that.

(**this part is critical... it must be of value to the community they serve***) OR3.  

Welcome to BP community @Ed Littell It is a great place to meet new friends and learn about various aspects of real estate and more.

Focus on breaking down each of the steps involved in a wholesale deal and check off the steps/actions that you are confident that you can do, then come back to this site or other investors you know with the specific aspects of your deal where you need assistance.

I've never bought one that close so I'm not sure on that aspect.

Welcome to BP community @Andrew Schaefer  It is a great place to meet new friends and learn about various aspects of real estate and more. 

@Manolo D. the way you structure your entities and what services are conducted are critical to how things get interpreted.