I know enough about a lot of things to be dangerous, but lack detailed expertise and certifications.I will say that I was extremely disappointed with my last realtors lack of construction knowledge so you will have a leg up there for sure, and you should play up that as a selling point

So I am left getting a policy with a non admitted carrier for likely 2-3x the price for less coverage.

So they will rent without buying even though buying is available to them but they dont want to live where its affordable.

Hello, my name is Trevor and I’ve recently took in the interest of wholesaling properties, I have never networked before so I’d like to make friends and potential clients in which we can both help eachother out some. 

You are not going to make anything on it, so you will not have to worry about capital gains. 

I've used my own money so far and interested in learning more about the funding side of things.

You pay 10% penalty plus taxes (lets say state and federal of 25%) - so you are paying $70k in taxes so your $200k is now $130k.

It was free so worse came to worse I would break even How did you find this deal and how did you negotiate it?

Do you think this would be feasible in OC and if so, which areas? 

If so, you can add the value to your property more effectively.