I am in process of working out a deal to put under contract with the owner of a couple houses with Kettering Students occupying, but my analysis skills are not fully mature to recognize whether or not this deal is actually a deal that buyers would find appealing.

Also recognize the supply risk for these areas with apartment/condo developments on the rise. 

Then you can move fast when you recognize a deal. 

My main line from the meter to the house sprung a leak under the driveway which I did recognize when I got my first bill.

Since I am an agent, I think I recognize a lot of the pitfalls that await someone trying to do it on their own.

From a filing standpoint, if you have been filing 0 returns there is no reason the IRS or the Pennsylvania Department of Revenue will no longer recognize your company as a separate entity.You may have a separate tax and legal answer to your question.

Dead people don't care.Properties don't automatically go into probate, either.Someone has to has some level of standing to file the petition and pay the filing fees.There may be no heirs that are easily recognized, bug there is no such animal as "no heirs."

To become a successful wholesaler I recommended a few things to you: (1)Recognize that you are in the business of sales and marketing (2)Study direct response marketing and advertising(3)Mail to more than just one list and more than just one time – create a marketing plan, along with follow up systems, and a database(4)Be persistent and track your marketing results…if something does not work adjust it and test itGood Luck

The point is that there is always a way to make money in real estate if you recognize where you are in the cycle of the market, adjust your strategy to buy/sell accordingly and get equity from the start. 

In 5 years their tax hit wont be as high if they recognize the cap gains at that time.