You got a nice bonus for taking the deal and you knew exactly what you were getting into....so nothing to stress about, you just gotta figure it out.

The bonus is their acquisitions team sometimes gets people on the phone who are not interested in wholesaling but rather list with an agent.

I don't expect appreciation and if I do, it's a bonus.

This is called bonus depreciation. 

I am somewhat familiar with taxes, and bonus depreciation, etc, but just needed more clarity on what goes where.Replaced Waterheater - is this a 27.5 year depreciation or is there a way to expense (~$2700)Replaced floors with floating vinyl floors (~$3600)New Appliances (~$2,400)Lots of misc, painted whole house, new hardware - I assume all of that is probably an improvement rather then repair?

You will gt a discount and bonus code. 

And since he gave it away as a bonus on one of the Go Pro bonuses I think he sees it as a tool for all of us, not a way for him to make money. 

Having a unique name is a bonus in a business with 1000’s of Realtors.

As a server I am making about $40k-55K a year, $3-5k a month, and my partner (23), who has a salary of $60k/year plus bonus. 

Property was off-market and purchased with no contingencies for asking price; the sellers generously agreed to 15K in repairs as a nice bonus.