On another note you you have admitted that you and your agent both engage in illegal activities  (your agent giving you codes to properties ) in a public Google indexed forum.

A house is not "foreclosed on" until after it has gone through the public auction process; until then it is simply "in foreclosure" or "under foreclosure".

This UDFI is a subset of UBIT (unrelated business income tax) and documented in IRS Publication 598.Confer with your licensed tax advisor for specific details.The general guideline is that the impact of such taxation on the operating income from rents is usually pretty low.  

When he asks for the EMD made out to him, schedule a meeting at a very non public location.

What I can tell you is that you'll never learn what will happen to you if you buy a house that was deeded over by a municipality with a reversion deed to a developer for low moderate income housing 15 years ago and you improve it and rent at market rates........reading RE investor forums and public blogs or guru videos.If quickly means in a few minutes, or hours, as I bet many do, that doesn't say much to the devotion or interest of someone being very serious about wanting to build a business or profession.      

What about posting on public land?  

There's a long time investor named Mike Cantu who doesn't speak publicly much anymore, but he buys houses and gives each house a job, i.e. one house to pay his electric bill, another to pay for gas, another to pay for his vacations and so on.

Further protecting the public by keeping bad actors out.I wrote in my post about why people be "upset" with wholesalers for reasons that have nothing to do with protecting commissions.  

Public information via Google "Thomas Brooks loan scam " tells the story.

If you aren't licensed yourself, you won't find completely updated and correct info on the public internet websites like Zillow and Trulia etc.