The utilities were supplied by the owner.  

How would I know if there is more supply than demand?

I am particularly unfamiliar with local regulations, so this would be a good place to start.Thanks in advance for any comments!

Look to see if they have an HD SUPPLY store there. that place has good deals.

Will pick up HOA rules and regulations tonight from agent.  

Scott's books on flipping and estimating rehab costs are also great sources of info.As far as wholesaling is concerned, Find out: Your target area; ALL costs of a mail campaign (list, letters, postcards, necessary office supplies, postage, etc); budget for 6 months-1year of mailings; develop scripts for prospective sellers (what to say to them); learn to track responses, follow-ups, conversion rates, overall campaign effectiveness, etc.Build your team; title company, RE attorney, cash buyers, closing agents, etc.Feel free to reach out if you need any info.

The mother is  an enabler, i don't get a sense that the daughter is refusing to leave, she just hasn't found another place yet and rentals are in short supply.  

I have been looking on the MLS for possible deals, but im not seeing anything sticking out at me as profitable yet due to limited supply of houses on the market.

Otherwise the lender will be limited by many rules and regulations and disclosures, and he may shy away from lending $ to you.All the bestAmir

There's a regulating tax called Euribor which determines the interest for inter-bank loans in the European Union; and this tax has been really low for quite some time, manly because of the financial crisis of 2008.