It explains how the tenant is to leave the unit, cleaning required, etc.

The underlying value of an option is primarily the expected appreciation in value over the option term, not what ever you can clean someone out for.The price and terms need to be stated, at least the price as it must be stated, you could say cash or financing and later decide to offer seller financing, if you offer financing with the option them those terms must be spelled out.If he is going to live in the unit sold/purchased you may have Dodd-Frank issues.

There are other forums about cleaning up credit that go into this in great detail.https://www.google.com/#q=pfd+credit&safe=off Getting these things deleted would greatly increase ones chance of getting loans, and getting them at a better rate.

For one thing they burn wax all over ruining countertops and carpets.

When they all leave the SD would be returned to all parties on the current lease subject to deductions for damages and cleaning.

Right now they are just cleaning it out, so they can sell in a few months.

Though he has a stedy job for the last 6 years and a clean rental payment for the last 5 yrs, I feel its too risky to rent to this applicant.

It would be mostly cosmetic, i.e. paint touch up, cleaning carpets, etc.

Just to give an idea the property is a 3/2/1, 1,900sqft, liens are about $91,000(+ $150 daily), property is trashed but really needs clean up & a kitchen and paint.

As for myself, I dropped out of business school to pursue my dream to be a "business man" and now I currently co-own a growing commercial cleaning business (its really not my passion at ALL) which pays the bills, so I as well have a business background,but its just not the kind of business I want to be committed to full-time anymore.All this week I have been working on a business plan to pitch the idea to my maybe future business partners, did a ton of research on how to wholesale, but I can't seem to find out the legality of this practice in Wisconsin especially with the whole "assignment of contract" or "double closing" methods.Any help would be GREATLY appreciated.