If it's a legitimate bid, it might have been one sent in as a back-up bid, once it said they were reviewing your bid. 

Cheers,Buddy If you have a company, then any expense incurred in the running of the company is a legitimate expense.

I know plenty of subs in the area but would I need a general contractor for it to be considered legitimate?

There might be tax considerations on the business profit since it wasn't a re-fi loan against equity, but all rehab costs would be deductible plus other legitimate business expenses, and the profits (equity) could be rolled into another real estate investment via said LLC...

@Glenn N.You need a legitimate business that generates earned income to sponsor a Solo 401k.

You do need to know what your values are and if you a property will legitimately help you meet your goals.  

Is this a legitimate way of gaining some side income or would this be considered brokering deals and would need a realtor license to move forward?  

Wholesalers in general get a bad rep for a bunch of reasons, but if you can find one that's completely legitimate, STICK WITH THEM.

There are always closing agents, former partners, contractors, investors, or private lenders willing to share their experiences.Every legitimate investor is proud of their track record and happy to provide references of happy, satisfied stakeholders.

I assume he is not a licensed realtor, so i would assume a dd contract would be less legitimate.