The legal stuff makes commenting on about anything not worth it for me anymore pretty much.   

Possible, but you need legal advice to structure things correctly to stay out of securities law trouble (federal exemption and compliance with state regulations) AND to know how to legally make any offerings available to prospective investors.  

I am not a lawyer so this is not legal advice, but if a contract has a clause that states the contract can be assigned, and you have been transparent with the seller regarding your role as a wholesaler than you should be covered.

Not being an expert in this situation, and this is not legal advice, it sounds like someone made a mistake, and the bank is going to be out that money.

I second the statement that late fees (and legal/court fees) are applied FIRST...then the funds go towards rent.

It was more a legal question/discrimination issue that if your rules state no smoking and they say they won't, then what?

I agree awesome wealth of knowledge on this site.My opinion it is better NOT to have a Real Estate License to flip houses - too many liabilities/legalities - but to acquire the services of a local realtor who can find the "good deals"...

Whatever, just be aware.You'll also meet operators who are not current with rules, laws and regulations, they been doin it for years and will swear up and down everything is legal.

Join the local landlord association (this is invaluable with access to their documents and services like legal advice etc.)1.

Should I pursue this idea and try to morph it into a career until I can meet the legal requirement for opening my own Property Management Business?