Quote from @Michael Smythe: Guessing that "GC License" more or less equals "Builder License".Then, yes you have to be licensed to pull required permits to develop a property you will not be owner-occupying.Did you read the  question. 

For all questions below, it is assumed I am the buyer, who wants to assume the seller's loan and take the title of their properties. 

Great question!

Question:  If you still go with the buyer that put the memorandum on the property, do they have to honor the price of the original contract that they put the memorandum on?

I see plenty of leases that have been typed up by an attorney and are questionable.

There you will be asked your criteria and then after answering a few questions you will be matched with 3-5 agents in your area.

To answer your other questions- no, you don't perform capital improvements just for the write offs, it's not a 1/1 ratio, you don't get that money all back. 

Thousands of questions have been covered and discussed in this forum that you can read casually or do deep dive topic searches on. 

Derek,Just curious if you found a solution to this question?

Question 1: Should I, as new investor, consider diving into mobile home wholesaling for a promising start in real estate?