I am also a professional in the financial services industry, advising large real estate development clients on various insurance and risk management related matters. 

You're missing my point.  3-5, or 3 - 500, it doesn't matter...and isn't important...and if it only makes cents, it doesn't make sense...it has to make dollars.

I'm fairly sure that people have, but I'm not certain since I haven't bought one myself or sold one for that matter.  

As far as seeing rental income, if you own the house cash and don't depend on the rental income as part of your application income, it really won't matter if you show it or not, and there are different rules when they will consider it income; my bank goes from your tax return, so if you don't demonstrate rental income on your federal 1040 it doesn't exist. 

Anybody out there have any recommendations for a reasonable, responsive attorney to handle this matter?

Messy walls don't matter because you'd paint anyway when they move.  

The property was €260,000 and offered €230,000.My simple question is this, I don't want to use any of my own money, over here cash or loan, it doesn't matter. 

Wholesaling is considered a gray area judged on intent, long story short Some brokers & lawyers are for it with the proper disclosures and while other brokers are against it no matter what.In any case, I'd suggest you join a local investment group of some type and ask around for agent recommendations or hopefully there's a PA agent here on BP that'll answer this for you.   2.

A list of approved establishments can be found on the Department’s website; (this educational requirement is in addition to the 45 hour sales pre-licensing classroom hours)Upon successfully passing the examination, candidates must submit the following...Real estate salespersons and brokers both fall under the purview/regulation of the RI Department of Business Regulation ("DBR"): http://www.dbr.state.ri.us/divisions/commlicensing...As a practical matter, I would strongly recommend taking the first option, being a salesperson for two years before applying to become a broker.

You will find the folks here very friendly - in just a matter of days, I have felt the warm welcome already!