And now it could be headed for trial.Not sure how many more steps this thing needs, but it's over the limit already. 

The seller has offered a 2-year option, but the purchase price seems a bit steep given the limited data.

I have no wholesaling experience and my knowledge is limited on the topic, but it is something I would like to get into.

Will keep your cash-flow going and limit your maintenance headaches.   

And you are very satisfied with there services since you are turning a no-brainer over to them that is set on cruise control.

If we buy from HUD does it have to be Section 8 or can we take full control?

@Mitchell LitamThat's concealed grid product that was glued to drywall for sound control.  

I think our limited options due to cash constraints would likely force us into the "wrong property."

This limits my ability to see if they are employed, any information on prior rental history, criminal history etc.I planned to ask the owner to get them to sign a month to month and tell them that my intention is not to put them out after each month (which it isn't) but in case things go bad I do not want to endure it for a year.

A bunch of cities are fighting with the VRBO's & AirBNB traction and have had hard time controlling them.