(From internet search - The letter M is the roman numeral for 1,000 and has had that meaning currently and in the past.

Numerous $200k houses getting flipped for $300k+.

Are there numerous ways to determine the MAO on a wholesale property, if so please explain. 

The following things I throw out may or may not be potential factors as I am unfamiliar with the home, location, local economy and demographics, but they can affect numerous scenarios.As you stated, there are not too many house in the area like yours, which is typically a good thing to be able to set yourself apart. 

Here there are several cost seg study options, and the level of study (which impacts the fee) you request depends on numerous factors; your basis value of property, what are your improvement plans, what is your hold period, etc.

The out of state markets look more of a risk reward I can handle.I've been looking for homes that are $100K-$300K which is a price range that I can handle if the reward is good

Ron, if you have ever dealt with Credco over the years, you would understand they are a massive organization with numerous programs in place. 

I have a couple credit cards that I've been churning for rewards and using to build credit.

No risk no reward.

A couple of things to consider:1)  I wouldn't bother trying to contact the owners to get ahead in buying this, it's already been on Zillow for days and I'm sure they are getting numerous contacts already.