If possible, I'd love to meet investors, agents, wholesalers, and anyone else who would be gracious enough to pass on their real estate investment knowledge.

I can legally terminate the contract with wholesaler company.

I called the county, and was told: (a) that "cove" doesn't meet the *current* definition of a bedroom, BUT for older MH, they go by what the manufacturer classified it as when it was sold; (b) the property tax listing for the lot identifies the MH as "personal property", so doesn't identify the number of bedrooms and baths; (c) the septic permit was made for a two bedroom residence.I have failed in my many attempts to locate any records as to how the manufacturer described this originally. 

I wouldn't know how to word it exactly, but I'm good at drafting legal documents.

If you're interested in attending a local REIA meeting there is a great one in Matthews, NC I attend weekly and would recommend. 

5) Consider meeting with a few agents in your area even if you are just getting started!

Its the business.Basically when I enter a new market, I fly in, meet all the potential property managers, learn the landlord basics, and find the labor as needed with the local agents/property managers to help me with snags. 

In case of disputes, explore mediation before considering legal action, and if necessary, proceed to small claims court for any remaining damages or unpaid rent.

These kind of arrangements can go south so fast....All it will take is for one of you to meet someone new and it's all over.I'd go see an attorney and get some real advice on this, it's way too much money to be asking people on a Forum...

Wait to hear back from the builders and if the numbers meet your goals, it sounds like you've done the due diligence to move forward.