Has me thinking, is it possible to purchase only a garage from a homeowner with the purpose of renting it out? 

Moreover, the ENTIRE CITY of Newark is rent controlled making it even more onerous than New York City. 

I suspect they'll push even pricier training, possibly in the range of $30,000.

A flipper is trying to get the highest sales price possible so they will make the house look really nice so a primary home buyer becomes emotionally invested in the house and makes an offer. 

it's possible that what they meant is that they want you to show that you're well capitalized - for example, you produce a bank statement showing you have adequate reserves. 

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

At this point, I'm ready to stop attempting wholesale entirely.

Finding something on the MLS might be difficult but very possible.

It's possible the home may sell without a traditional HVAC.

Now, consider your options – developing the entire 5 acres is ambitious and requires substantial investment and expertise.