Then subtract all your expenses and you have your NOI.

If there is a $20,000 claim it will be reduced by half ($10,000) then they subtract the deductible ($1,000?)

If you have other obligations you have to subtract them from this 2250 number which could reduce your buying power with respect to sales price.

Net business income generally is the amount remaining after subtracting all expenses.

Then you subtract your P&I payment (taxes and insurance are in the 50%).

A wholesaling analysis is exactly the same as a flipping or buy-and-hold analysis, but subtracting out the wholesaler's fee at the end to determine the max purchase price.If a flip analysis indicates that the maximum purchase price is $X, and you want to make $Y on the deal, then your maximum purchase price is $X - $Y.

Not a huge savings perhaps after subtracting cost to set it up, but if I'm saving some money AND its a structure I'll need for future deals, then it seems worth it to me. 

Take that 50% and subtract your PITI.  

I've been thinking a lot about this, and I think it's also important for me to subtract out everything I'll spend to sell this place (probably about 8%) in terms of calculating cash investment and returns on the next place to truly compare apples with apples.

We would split the profits on a percentage TBD after all the purchase related expenses are subtracted.