If it has significant upside value, you should consider flipping that yourself or find a partner who knows what they are doing to flip it and split the profit.

Anybody have a nice profit and loss template set up on excel that lets you plug in your numbers each month? 

Your value is, to provide sellers that don't want to list, with a way to get cash for their house and provide buyers with discounted off-market properties they can buy to make a profit on.I am not saying it is not possible to wholesale from the MLS, but it seriously defeats the purpose.Focus on becoming the person/company that offers the most and best value and you will succeed.

I want to use the profits from flipping in my home market to obtain and pay off properties in a better cash flowing, landlord friendly market.

Referrals are by far the most efficient, economical and profitable way to do business.

The third, I think I will break even or small profit, but it will be on the longer end of the hold, like 7+ yrs overall.I have not had any additional capital calls.

Buy a property to live in, fix it up, then sell it later for a profit.

While not impossible, you'll be paying a much higher interest rate for the loan than with 20%+ down and also you're likely paying some points or splitting the profit if for resale. 

And many are very profitable with scale.  

They just aren't that profitable.