It ends up just being an extra step in the loan approval process but we are good customers with a healthy deposit relationship. 

If you're the "hey my lazy arse wants to spend that last few decades of life mucking about and bird watching," that's the model match for this approach. 

After doing so, I should be able to cover all my expenses, set a more comfortable amount of money aside for reserves, and take a healthy monthly profit from the rental income.However, I have delayed turning over the units because I'm nervous to rock the boat with the tenants in the current climate with eviction moratoriums and, from what I'm reading, delinquent courts in many areas even when evictions should be legal under the moratorium guidelines. 

Is this approach logical?

We dealt with a dozen or so contractors and subcontractors, nevermind all of the interested regulators (feds, state, county, city) so I got a healthy dose of understanding code, zoning, and contractor... relations. 

@Marc RiceI'm familiar with people/clients using this approach.

The thing is (I've since researched that ), the pin-pile approach "holds up" the foundation and prevents it from sinking further, but it does not actually address or correct the existing sink.I got another bid from a bigger shop, who's process is well advertised, and whose pricepoint came in at ALL-IN $37k, paired down to just the minimum, still at $28k.

I may approach a family member or other close friend who you believe brings the "qualification" peice to the table and offer them a % of the cash-flow as a partner in the deal.

That's very interesting, thanks for sharing that approach. 

If so, how would you approach wholesaling?