I'm in now way an expert on this, or have extensive experience, but just want to share my opinion to your question.Wholesaling is, in my opinion, a great way to enter the field of real estate investing, to learn what other investors look for and to find good deals that will benefit all parties involved.The problem though lies in the fact that not every person who gets started with wholesaling continues to effectively and successfully wholesale.

You will be hosed in a major way if after a year the guy comes back and lies and tells the court you promised him this or that.

@Joe SplitrockSo I've reached out to the Assessor and left a VM. 

:)As a wholesaler you will knock on doors, drive for dollars, call sellers you skip trace from the tax assessors office, work your butt off, read posts here in the wholesaling forums, get a great deal under contract, you could in theory bring zero cash into a deal and split the profit. 

Below is a brief overview of how to do that.Google "*County Name* Tax assessor"Find their real estate taxes page and search for the address of the particular propertyThere you will find the owner's info, if it is an LLC then you will...Search the LLC name on Secretary of State site to find the owner.

If you are happy with the tenants, I recommend letting sleeping dogs lie and go month to month until you are more sure you are at market or below.

@Dwagne Haskins I would NEVER lie to one of my tenants! 

Most acceptable are Tax assessor AppraisalComparable sales 

Hi Tyler,Here is my list of how to be on the list of bidders as Team Member:Personal Honesty and foreman honesty (including putting up the materials spec-ed and not a cheaper substitution, and don't lie about times and then not show up on time).Licensed and insured.Workers comp (must have).length of time in business.BBB rating.Not a history of a lot of lawsuits for non frivolous things.A handful of recent "good" referrals from other investors for the particular roof type.Proper safety equipment use by workers, tie offs etc...

I am leaning towards saying to accept with them understanding that rent must be a priority to pay each month (it's a month to month lease in a very landlord friendly state so eviction wouldn't be too hard and they would need both first month's rent and security in order to move in- in addition to having electric in their name).There aren't any other qualified potential tenants that have come forward- the place has been "for rent" for months now and we have been getting people lying on the application, criminal records, wrong social security numbers, etc.