About 4 or 5 years ago he had a health scare and once through it we decided to write our agreement and each sign it.

What is the minimum amount of information you'd ask for to make an offer on a MHP?

Right now i have a good bit saved up and i make $700 a week minimum plus i have a cosigner with great credit, but still i am having trouble getting a preapproval because i have no credit built up.

As Thomas said, it depends on their existing lease agreement that you would inherit.

@Steve Vaughan Yes, you mention just some of my  "other ridiculous laws" (I wanted to keep my post to a minimum).  

Do you send them the lease agreement before the students sign it or after? 

I've been talking with some loan officers and we will not be able to get a loan without either first selling the house or having a lease agreement.

Typically we are looking for a minimum of 8% -10% cash on cash ROI for the building.

I know that there are some states with reciprocal agreements that allow you to use your license without additional credentials, but what about those states that don't have reciprocal agreements?

If you buy it, you're not a wholesaler anymore.Here's how you do it:1 - Make the offer in the name of an LLC for $10k, thus the LLC is the owner of the "contract"2 - Sell the LLC ONLY (with the contract to buy as an asset of that LLC) for $15k (the profit you would have made if you had to buy the property first)3 - Buyer of the LLC (and the contract agreement/asset) executes the "contract" your LLC agreed to for $10kResult:1 - No money comes out of your pocket...ever.