The public records will show the total amount of the loan, but not the outstanding balance so they won't know if you are leveraged or not.

@Jon Dorsey - You will definitely still be profitable at $2M albeit less than you may want.Are the utilities public or private?

When mailing to non owner occupied property owner, do you mail to the address on the county tax site?

You should know exactly what you're agreeing to when they ask you to sign their one page assignment contract.Fourth, Most deposits to wholesalers are non refundable so make sure all of your questions are answered before handing over a check, preferably over email so it's documented.Fifth, Do not stop your diligence until you close.

Just make sure you disclose to the public you are licensee.

The IRA would have to cover any expenses such as mortgages, property taxes, etc.An IRA must obtain a non-recourse loan, meaning no personal guarantee from you. 

Can the non working spouse claim all the rental income, even if they both would own the property?

The IRA owns the LLC and your client is the non-owner manager of the LLC. 

Haven't spent much time in the neighborhood, but there is low crime compared to the rest of Chicago and public transportation nearby. 

I'll be splitting the building/land using the public record county tax ratios, but I'm not sure about the initial total to use.Possible options are:Property value shown in the public record (same place that has land/building split visible)Amount shown on the appraisal that my lender orderedAmount of money I put into it all (effectively sale price plus all the fees I ended up paying)Amount shown at the bottom line of my settlement statementWhich of those is correct?