There is a hotel in Newport News Va and I’m looking to wholesale it but I have no buyer lined up for it.

You as the buyer have no sway or say so in it. 

You need to screen them and ask the important questions no different than tenant.

HML just rebranded to PML to give the borrower the illusion that their rates would be lower or terms easier.folks are always looking for that PML who will lend for far less than market.. and as you mention those would generally be individual lenders.ANY COMPANY PML or HML that advertises and holds them self out as a lender no matter what they call themselves are HML or PML they are one in the same.what your getting at with the larger companies is where they get their money..

However, I do believe that $15K and 50% of any net profits on and unknown number of deals is a steep price to pay, more especially when there are no leads included.

Wholesaling has no place on the MLS.

I would plan to sell this property when the tenant is no longer ready to renew.

She is insistent on using her security deposit as last months rent.

No expensive hobbies other than the kids (I play disc golf and I like to do wood working).

Long story short, no, no one is currently enforcing the 2 property limit.