I'd be happy to jump on a call if you like to go over more specific nuances that the Disney area requires. 

But of course section 8 tenants I am assuming will require more work.I am try to implement some of what Dr Joe Asamoah has implemented see you tube video below.

Not to mention, for the transaction to make sense for a wholesaler, won't Mel be required to go under contract for less than the FMV in order for their to be sufficient spread for the wholesaler to assign the contract to the end buyer? 

PM is just an _authorized party_There are also state level requirements, so ymmv there as well

"The income approach is required for appraisals of 2- to 4-unit properties.

Loans through FHA require a 12-month residency.

Some of those that will write them, require that they be contractor built from kits or only __ yrs old.  

The new lender is requiring the JV partner to be a member of the LLC  that will hold title.

Seems like he cannot differentiate btwn regular wear and tear and intentional damage/ Paint requirements: Interior walls, ceilings and other exposed surfaces in rental units must be kept smooth, clean, free of flaking, loose or peeling paint, plaster or paper and maintained in a sanitary condition.

Assuming you have talked with the seller, I would ask for the requirements for assuming the loan.