My next most important step was summarizing my financials and speaking with a portfolio lender.  

Thanks for the awesome replies everyone.Let me summarize what everyone said so far on HOW wholesale properties can be SOLD QUICKLY:1.

This is in suffolk county NY.I know I just rambled, but I will summarize all questions here, some will be dumb, but all help is appreciated.1) If I am allowed to negotiate short sale with bank, at what price should I try and get homeowner to sign a contract for.2)I think I am responsible for all liens in a short sale, is that correct?

Here's what I'd like . . . can someone summarize everything for me and get in touch.

This article summarizes it pretty well.

A lot of good advice and confusion information - allow me to summarize previous input and add to the pile.1.

To summarize, if you're a small business owner, you probably won't be able to report the tenant directly.

Not at all itemized and summarized it by saying "It would be great if you paid me the remaining amount due for all the repairs, but I don't suspect you will".

To summarize, I concur with what @Al  @Al Wilson stated. 

The most eloquent way to summarize all of this is for you to “talk to your own CPA“ to see exactly what your financial situation is and also understand that I am not a tax person/professional/authority/CPA/advisor and I am simply rendering a personal opinion regarding the way that I interpret the data.