This also leads owners to ASSUME simpler is better when it comes to management contracts.

They have a system, team, and their own contracts, and also provide proof funds, even the EMD. 

okay @Brandon Battle Could I just add it to the contract as a contingency clause to get permits for basement bathroom?

Lying on an application is a breach of your contract.

Ok @Derek Stevens, now we are cookin' with gas!

@Jae Yoo you should read your PM contract very thoroughly or even hire an attorney to do so, before thinking you can just break it.How would you feel if a tenant just broke their lease with you?

Most wholesalers are not good at what they do, are unlicensed (which is illegal in most states), and lock up the property in a contract with zero risk to the wholesaler.

Currently I have xxx units in my portfolio and am excited about this new property I have under contract (or am considering making an offer on).

You can't resolve the issue unless you pay off the loan, the bank sends the property into foreclosure and your original seller sues you for breach of contract and ruining his credit. 

Went under contract on the first!