My only experience with real estate is from helping my father years ago with odd jobs at his rental property's for section 8 in Chicago, back when I lived there.

It's the revers that you can't do, put a lower restricted use in a higher restricted zoning area, like putting an office in a housing area. 

Well, I may be speculating a little bit, but I believe my odds of “winning” are significantly higher than that of “losing”.

From my understanding wholesaling works in every market; however there may be restrictions on the state, county, or city levels as to how to go about wholesaling and what strategies of wholesaling you can use (from marketing to contract language, etc.).

We are running numbers both ways, but the non-recourse loan is so restrictive we can only get maybe 1 condo with 40% down and high interest rate, but if we pull it out we can get 2-3 with conventional financing.  

Oddly enough, I found her through BP.  

And what is a "prime area" and why are you restricting yourself there?  

What are the odds that BOTH agents are in that "one in several dozen" category?

Many are not but even if they are, I don't think it's a great idea for the reasons expressed above.Showings are restricted to those who are qualified to buy/rent.

I would be cautious with properties in Newark as the city has very restrictive rent control laws.