I just can't spend lots of time with everyone without some sort of compensation for my time because I have a life and a business to run. 

Thanks @John Thedford while I appreciate your devotion to pointing out how wholesaling (in the trending structure) is illegal and everyone should get a real estate license, I'm not sure your reply addressed my point at all - in that agents/brokers (the licensed ones) are adding fees on top of fees, in a "daisy chain" sort of way, that essentially pushes the "wholesale" deals to near ARV, leaving no "meat on the bone" for those of us that actually do add value through improvements, etc.

If he has any sort of interest in the property, he is legally and ethically bound to disclose his position to potential buyers.  

Now the first couple deals were with my own money so I could build some sort of track record.

With a 3rd party they manage so many things, my easy to deal with issues could get blown up.However, hiring my own people, I can train them myself as close to my image as possible. think about it like the wolf of wall street. he trains his salespeople to act like him and in essence they all do as well as he does. doing the math on it...if I can get 150 tenants making 250 profit off each/monthHave a full time handyman and office assistant at a combined 90k/year, I'd rather go the employee route

If you sign a contract to buy it and someone else buys it at the foreclosure auction it would still probably be yours but it would be a mess to sort out.

Facebook strips the metadata from the image, but if I were to post the raw image somewhere online, the EXIF data in the image would show my GPS coordinates, and risk other investors showing up to make offers, if they knew to look for it.

Selena, if your bank won't work with you there are some private lenders/hard money lenders with programs that are sort of a cross blend ( not too hard ) but you have to have good credit scores to get them. 

Is this actually better handled as a sublease and should we void the addendum and instead sign some sort of sublease acknowledgement and send that to the prior tenants?

@Joan Furbush It wouldn't hurt to do a contract of some sort, especially if you don't know him very well.