The safety standard requirements were posted, yet they raised a lot more questions than they answered. 

I understand about not giving them a house (loose the stepped up basis).

Make sure that you're working with a wholesaler friendly attorney who understands what you're trying to do. 

I understand your concern.

That helped me understand why prices were they way they were in those respective areas.

Or does it present risk, that if appraisal comes in higher, the bank can ask for more, as well as take additional offers.My understanding is, they can accept my offer, or if the appraisal comes in higher than my offer, re-open negotiations. 

People just need to understand how to put the claims following their format.

I know that's the Golden standard! 

In Colorado Springs, we also have a couple of other strategies that work well besides just standard duplexes.

Recommend you hire a real estate attorney to assist you in understanding why the property management company shouldn't and doesn't have to share confidential application information with an owner.