They seem interesting as well and potentially more profitable..

i will be reporting it on my taxes for 2017.debtCalifornia piti $1,950Georgia piti $2,000 (yes, gross profit per month is $1,200 with only 5% down, seller covered all closing & living rent free)car $530student loans $350As an investor I want the minimum amount out of my pocket.

Try looking at:The Best Types of Markets for Profitable Turnkey PropertiesandWhat to Ask When Working With a Turnkey Provider

Anyone who make more than $400 net profit at the end of the year is taxed on it even though this might be their only income.With this in mind, can Michael N say "I am a business owner" (as a sole proprietor) prior to starting his trip to Kansas and start deducting all his business-related expenses from this moment on?

An LLC gives you limited liability without imposing double taxation on you, the way a corporation would, where the corporation is taxed and then you are taxed again when the corporation distributes profits to you.  

We obviously need to keep it economical, but I would like to do something creative, and I'm bored with our past designs (generally they consist of a larger field tile with horizontal accent stripe).

Any amount you buy less than what you sold or any cash you take out the IRS says you are taking profit first.  

This is one way that doing a wholesale double close differs in California, as opposed to other parts of the country.As far as Disclosure, I believe that Disclosure is required, but it is up to each agency whether or not the amount of the profit must be disclosed.

Doing it this way, it looks like (to the irs) I made all the profit even though it we split it in half.

IMO those problems are much larger in proportion to the size of community.