I've yet to collect more than a few bucks owed me by evicted tenants, despite best efforts.

The best thing would be option #3, but then you are not wholesaling, you have already taken the next step in realizing profits from your efforts.  

If the owner doesn't feel that energy or care then it's a futile effort.  

I think that those who take the time/effort to get/maintain a license and insurance are worth the relatively minimal additional cost associated with the work.

I would think so...many people are buying homes in bunches out there it kind of a secret gold mine people dont talk about because they dont want other investors hogging the good stuff not only detriot but any place similar desperation and depressiation are the exact formula for getting rich..if it werent for the great depression we would have no warren buffet.

Let the "forum" know if you are wholesaling or purchasing for your self.May Your Efforts Be Rewarded!

Suspicious activity" is all you can say, note the date + time of your call for future reference; at least this sets the record that you care and made an effort.

That said, your game plan is brilliant for a person your age.

It took time and effort to get your degree, right?  

It may be worth your effort to ride this agreement out?