The penalties are just too high. 

The last thing you want is to have a home run deal that theoretically should be a high-profit flip but is ruined because your contractor screws you over in some form or fashion (late deadlines, inaccurate scope of work, etc.). 

I find properties on the mls and send them to the agent with the offer price.

The eviction process can be lengthy, costly, and may result in getting the property back in poor condition.To avoid this, you might consider offering a "cash for keys" arrangement.

And DIY repairs are not recommended for other reasons: it will take you much longer to complete, depriving you of rental income, and you run a high risk of your wife becoming your ex-wife.Same risk exists if you push your wife into becoming a Realtor or some other real estate activity just for the sake of tax benefits.

I see two high end homes for rent, 50k, 70k, 210k per month..

Small multi-family properties starting at over $1M, which is pretty expensive and, resale single family (before year 2000) offer minimal cash flow (~$200-300/month).2.

A VA can help you compile lists of potential wholesalers, manage follow-ups, and even track responses from your marketing efforts—freeing you up to focus on high-level strategy and deal analysis.Hope these ideas help!

I have a template that I provide and they can either complete the template or just give me their documents and I'll complete the template before prepping the taxes.Self Managed, High Volume, Very Organized - these folks keep up on their activity. 

If they need access to the property immediately, you can offer to leave to them until you are ready to close.