FWIW - next time the 1031 exchange would have allowed you to use those tax dollars to add to your purchasing power in NC if it would have been in place prior to the close. 

This project was made possible by leveraging what had accumulated in the 401k and reinvesting almost everything that we made on the prior real estate deals. 

(I know that you can accomplish your goals with a few investors, however, due to COVID-19 it seems to be harder to foster relationships and build trust).2) My lease ends in September 2020—Is closing 3-4 wholesaling deals (with no prior experience) and purchasing a home in Sept/Oct, too tight of a deadline?

So, in my opinion, paying distributions during economic uncertainty demonstrates that the business plan properly accounted for these principles prior to the unforeseen economic event. 

I would advise speaking to your accountant and attorney prior to forming an entity. 

If the building is built prior to 1978 has it been tested for lead paint (twice as important if there are children)4. do they have a trampoline or pool in the yardThose are a few items to add to your checklist as you do your walk through.

You have to be careful in questions you ask - for prior landlord: did they pay on time,any damage when they moved out, would you rent to them again. 

But, hotels, motels, recreational vehicle parks, marinas, campgrounds, or similar types of businesses are eligible if more than 50% of the business’s revenue for the prior year is derived from transients who stay for 30 days or less at a time..."

Prior to closing you send a payoff letter to the title company and wiring instructions on how funds are to be returned to you.  

Or that the buyer would need prior permission and agreement from me?