While the seller might have good intentions (simplify the transaction, save money on closing costs, title insurance and legal fees), but this is typically a great way to dump undisclosed entity problems to an unsuspecting new buyer. 

There are people in every market who are willing to trade their equity for the speed and ease of the transaction.

Also, any one have experience with evictions and or obtaining the Philadelphia business transaction license requirement?

@Shaun Reilly That being said I don't think that there is any reason you can't wholesale if you are an agent as long as you disclose you are one and that you are NOT acting as one in this transaction and have them sign off to that effect.Based on this and the comment left by @J Scott - fair to say best practice is to get your real estate license in the state you will be wholesaling and put a clause and statement in your P&S that states the quoted text above by Shaun.  

Thank you all for the recommendation.The PayNearMe is pretty pricey 3% from business or $3.99 from tenant per transaction. 

I will need transactional funding for about $280k for about 30 days or less and sell to the current tenant for about $340k.

Then you'll have to engage the attorney and the settlement company to prepare the paperwork to close like a normal real estate transaction would.

One of the big advantages I see is the Transaction Funding and Proof of Funds they offer. ...

This is just a standard real estate transaction.

They might even hit you with a disbursement fee.Such loans are made in transactions where a business is purchased and inventories might be acquired along with finished goods over a time frame, they can be used to purchase several properties as well over time but usually where you know what property and the sales are delayed, often for tax reasons for the seller.