But I like my VW LT even more - 9' x 6.5' box (could have had a 13' box if I didn't want the double cab).  

Reason is rents rose during the period I had it, doubling, though it didn't go up six times as housing prices.I guess your head would spin with the price gyrations.

Recently i have been leaning towards a 4 unit for the reasons you have just listed and thanks for the double analysis tip will definitely help keep things organized for me.

Sorry for the double post.

I actually designed it for entertaining with a double-height great room and mezzanine that looks over into the main space; there is also an art studio with separate entrance that could easily be a 1-bd.

Do I need to take title to property at closing and then sell that same title at a different closing (double closing) to my buyer?  

"Paying yourself a bonus" sounds suspiciously like you're working within a C-Corporation and that may be your first issue right there due to all the inherent issues involved in a C-Corporation with double taxation, etc.

I am currently a sophomore in college going for a double major in accounting and finance.

Also since wholesaling implies double closing, timing is very important. 

Yup, tons of equity now in the property. 1/1s in the building have sold recently for about double what I paid.