There's a good chance the issue(s) you face has already been discussed and answered.Ask questions in the appropriate forum.

Right now, the best offers around me are for some 1.3-4 million, that only generated around 100k per year gross, so there would be a high chance of not cash flowing, and paying money, especially with a commercial loan (these buildings have more than 4 units).I was thinking that although the rental itself does not generate money, I would be able to deduct the mortgage interest, and depreciation from my personal w2 income and would be net positive.

This structure probably just means more grey area which means more legal fees and perhaps less chance of either of us being covered at all.

Would love any additional info and the chance to check it out! 

I'm the single breadwinner for my family (2 kids) so I don't know if I'd have the time and energy to both run this rental and manage my work so I can reach the income level to handle the bigger mortgage comfortably.I feel like this chance for us to have a rental property with positive cash flow won't come often so I really want to explore it.

Don't give them any more chances. 

I say this not to discourage you, but rather to encourage you to prepare for what lies ahead so that you have the best chance of success. 

There's a good chance the issue(s) you face has already been discussed and answered.Ask questions in the appropriate forum.

But chances are, if you show her you’re being reasonable, she’ll see it your way.Let me know how it goes - I’m here if you want to bounce more ideas around!

Unless you have $5 - 10k MONTHLY to spend on marketing this is what you need to do to have any chance for success with wholesaling.