IMO - this is morally wrong. 

That's the law and it's the moral thing to do.

The cashflow looks nice, of course, and the 10 year option gives lots of time to really improve the property and boost rents, etc.

Are we talking morally?

Plenty of people do those kinds of numbers as well (and the absolute most crucial part is to make the bid based on market value and also based on knowing your walk away price) - but once you've figured out market value, tweaking the number so that you bump upward from a 5 or 0-ending number, as long as that's still OK with what makes sense financially, might help boost you past a few others. 

Hoping to strike a moral note with wholesalers, illustrating the difficulties of their path and that exploiting sellers with less-than-full disclosure is not nice. 

Part of our goal is to retire her in 3 to 5 years, so I am taking the time and found a mentor to start off in wholesaling locally so that I can boost our buying power.

I guess the moral of that story is do not give anyone the green light until you're actually ready to hit the gas?

Once I 1031 that property, Ill use the money to pay down my other SFRS that we previously lived in and do the same thing.The moral of the story.

Typically set the rent, give them a 3 year lease with rent increasing by $50 each year & a 3 year option to purchase with a 12% boost from the current Zillow or MLS comps.