@Darin De Guzman Welcome to BP!

(Hint, after 5, you are a de facto dealer in some states).

Next I need to decide on the state, I am hearing previously it was Delaware, now its Wyoming and Nevada?

This is the world of Delaware Statutory Trusts.

@Rainiel De La Nuez I have experience doing JV's and using SPV's in corporate asset transactions and contracts.

Contract stated that seller was to de-winterize the property and turn on utilities for inspection.

Make sure you cross reference the decedents residence at time of death (DE-111) with your title rep. or you can pull tax records when you scour court/probate files at the Madge Bradley bldg.

The investor risks his holding expenses while the contractor risks working at a crappy rate, de facto, if the profit margins arn't meet. 

I am with @Ned Carey in that I see wholesaling via the method of using an assignable contract as a de facto net listing which is illegal in many states. 

Within walking distance of the Delaware waterfront.