I was just trying to help a fellow wholesaler and help him prevent himself from getting into a bad deal that he can't escape from.

Paint on stair treads and floors shall be protected with a durable cover or coating that will prevent abrasion of the painted surfaces.

Assuming you have everything well documented, I do not see anything above that would prevent me from engaging in an exchange. 

My current full-time job prevents me from making many of these functions but Wednesday's are actually pretty flexible for me. 

Of course there is further due diligence and budget adjustments to be made to get your final offer amount but the 70% rule prevents you from wasting your time on something that's not a deal.

The relationship had gone bad between the tenants so the first issue I had was Unit A locking their gate to prevent Unit B's lawn guy from cutting the grass.

The point is to prevent a contract from ever being signed if an investor is not comfortable with the appraisal environment.Before any property is sold, an investor is advised on what we feel is a low-end and high-end that a property will appraise for.  

With an online application I don't know how you can prevent multiple applicants. 

I just don't see it.There's a large shortage in the housing market as housing starts are at HALF the rate of what they were pre-bubble  (950,000 per year vs 2,000,000 per year)HELOCs from 2006-2007 show pressure, but equity increases in a good market are allowing home owners to refi second mortgagesRates will remain low for the foreseeable futureLow rates and climbing prices create incentive to enter the housing marketBank regulations are preventing the reckless lending practices that were driving the last housing bubbleI say we have at least 5 more years or nice appreciation and low rates. 

I assume it's all yours now if you were given the keys to the house but I might try to contact the heirs as a courtesy and to prevent bad blood