It just needs to be clear about what each party if responsible for and how you expect to conduct your business. 

Here in KC we have 3 options with a "In Its Present Condition" 1) You can conduct inspections ask for repairs but seller isn't obligated to repair anything 2) You can conduct inspections but can't ask for repairs 3) Waiving the right to do inspections.

Be aware that some states have very strict rules that prevent wholesaling as they deem it conducting a real estate transaction and therefore you need to be licensed.

Anticipate everything, treat your buyer like they know nothing and conduct the transaction as if you might be sued.To start with, you need to identify how title will be held for the duration of whatever contract period exists after close. 

I thought the holding company would not conduct business but have subsidiaries of LLCs for each aspect of business or up to 1million in assets.

Ethical conduct or dealings is not what you believe is moral or fair so much as what is acceptable in line with laws and customs, accepted practice.

I'd like to acquire lists for probate and non-owner occupied properties and then conduct my first mailing campaign.  

- If the husband still had rights to the home, has the HOA violated SCRA protections by conducting the foreclosure, or did the family need to object for the foreclosure to be halted?

The county treasurer/tax collector conducts tax sales.

You and your QI must review the type of sale (Trustee's Sale, Sheriff's Sale, Tax Lien Sale, etc.) and determine exactly how the settlement process is conducted and then lay out a plan of action in order to have a successful 1031 Exchange.