We want to sell it and upgrade to a single family home also to be used as a vacation rental, but I'm not sure if this is the right time.I've seen articles and posts recently that the RE market has rebounded to 2008 levels and I'm wondering if someone can comment on the status of the RE market in southern NJ specifically because I don't see the rebound. 

Typically prices are neighborhood specific for SF.

They have specific requirements that are different then tank septic systems. 

I just want to know is wholesaling legal in Alabama, Specifically in the (Auburn,Opelika) and surrounding areas!

But with regards to OP’s specific question, in addition to what was mentioned above, I think the book would have you think more broadly about the team you would need to compile to make the situation successful (ie realtor, property manager, lender, and contractor [if necessary]).

Educate with Podcasts, Books, Webinars, absorb as much information as you can and focus on a specific niche.

There seems to be the opinion that this offer is a unicorn, some magical improbable thing that will not happen again unless all the stars align property at exactly 3:58am on a specific Thursday in June. 

I know that there's some discussion of this topic on BiggerPockets, but one specific issue I don't see being addressed as much as I would like is the repair cost issue when you're wholesaling virtually and therefore can't actually walk the house.I know the general answer is "get boots on the ground," but that, I think, still leaves a lot of questions.

This is clearly specific facts and circumstances based but I’m curious to know whether based on historical returns you would have decided on a go vs. no go on a property when you were on the fence due to these variable assumptions such as repairs and capex and your historical experience is tipping toward a lower % than the assumptions being used when analyzing.

Since the first applicant in line was chosen, I wanted to let them know that the specific unit they applied for isn't available, but we may have another unit coming up in the near future.