They usually want a large down payment so that if you fail they can just foreclose and they still made enough (requiring say 20K down and first position).Now with all of the first time home buyer credits and things of that nature.

Most civilians never really get how much you must sacrifice and the nature of the career.  

He not only failed to see the unethical nature of his idea but seemed shocked I pointed out how unscrupulous it was.After this he ignored all messages and emails I sent regarding the eviction.I then received correspondence from a colleague of his saying they can't evict the tenant.The reason given was that he sent a request for repairs prior to being served with an eviction notice.

Your trust will have to have special language to be an owner in your S-corp because only natural persons or human beings can typically be owners in S-Corps. 

Come to find out he has a felony 10 yrs ago, and a few misdemeanors of a violent nature,  None within the last four years.

@John Thedford While we generally disagree w/ the concept of wholesaling as a whole (no pun intended), I do agree that the shifty nature of some of the deals discussed is an issue for me.I don't have an issue w/ wholesaling and I don't think most people would - if you were up front about it. 

For those who don't know, this beach is breathtaking and has plenty of tourists per year. - No HOA on the property- We bought it for zero dollars down using my VA loan, mortgage will be ~$850- Flip house, therefore it came equipped with stainless apps, granite counters in the kitchen and bathrooms, brand new hardwood tile throughout the house, double-deck patio in the backyard with fire pit.

It has nothing to do with who he is, the past relationship, or anything of that nature but rather the complication of a business transaction.

I know this is a bit late, but Lafollette is a lower income area by nature, so you know how the possible choices of tenants will be due to that. 

That's just human nature - get over it... and, yes - I missed seeing how vilifying people does anything to help them at all.