Yeah the property management company has made it a difficult property.

Google "what is the cutoff age for mobile home financing" and you'll get a better explanation as to why it's so difficult. 

Then the testing, which is very difficult..... even if someone jumps through these hoops, then you've got the most difficult business in the world to operate.....

I have not done a real BRRRR yet but i am ready for it.Also keep in mind that if you are not making cash offers it will be more difficult  for you.I startes looking in other cities/States just to see what else is out there.

If you think the prices are too high to buy an existing building in Brooklyn, you won't find the prices for knockdowns any better because they often come with environmental issues, removal snags, and then plans, permitting for new construction is very difficult.

Sometimes that alone can hold up the process.Otherwise, if there's an appraisal waiver it's not all that difficult to close in around 25 days

Wholesaling is not real estate investing, it is mostly a marketing business. second, your concerns of legalities are legit and there are numerous threads on here about this topic, I suggest reading them and paying attention to the veteran and experienced investors, keeping caution on some of the other comments as many are self serving in this space.Here is the real meat and potatoes - wholesaling as a rookie is (in my opinion) even more difficult than doing a rehab flip.

Are you saying that construction loans that are performed by the home owner take longer to process / more difficult?

Assuming you have a good relationship with your parents I would say the most difficult thing is your plan to treat this as any other rental.  

I really do not see the market here subsiding and it is difficult getting in touch with current investors and landlords.