The US Dept of Justice and US Dept of Housing and Urban Development have put out a memo that covers a lot of the questions I believe you will have on what your role is on providing accommodations / modifications, who is responsible for paying, etc.Here is the federal gov memo:  http://www.hud.gov/offices/fheo/disabilities/reasonable_modifications_mar08.pdfHopefully this helps!

The Cornell University Web site (www.law.cornell. edu/states/index.html) also provides free access to state statutes and links to other Internet sites with state and federal housing laws."

Brian,I don't know if I'm allowed to say the name of the guru that teaches this method (don't want to have my post removed), but he's Pittsburgh local, so it's really popular here.He may not be a wholesaler ... was the document you signed an option to purchase?  

Especially if there are any things you have done to a house that turned out to be very popular or big flops. 

Is there a check list regarding compliance of state/federal laws.  

Market the unit widely on popular sites to get a number of applicantsScreen Tenants ThoroughlyCredit CheckCriminal Background CheckSex Offender, Felonies, etc.Check with previous landlord referencesVerify Employment / Assets / IncomeVerify IdentityBe reasonable with:PoliciesHave a fair set of rules at the property and stick with themPricesPrice the unit appropriately in the marketPropertyHave a well maintained propertyI have found that crappy properties attract crappy tenants

Maybe we're talking about a different yellow letter, but...The premise behind the popular handwritten letter on ruled yellow paper is supposed to be that you're a regular "joe" trying to buy (or sell) a house.

The area I would rate as being around a C+ area, but not to far down the road it gets worse, but going the other way it brings you right onto historic Federal Hill of Providence.  

You might be able to find someone to do this in return for a flat fee paid from the buyer's agent commission at closing, the remainder of the buyer's agent commission being paid to you or the end buyer in the form of a commission rebate.As for your original question, I've seen it done many ways, but the simplest and most popular way is to add "and / or assigns" after your or the buyer's name on the original contract with the seller.If there's an existing relationship with the seller, i.e. you're already in contact with them and / or they know your intent for the property (wholesaling) you're in a pretty strong position.

You will pay essentially zero percent on the gains for federal income tax purposes as long as that is your taxable income based upon your tax return.