I think you've already received some great feedback from the likes of @James Wise and @Dorothy Butala, so I will try to keep my post short (not generally my strong suit).As has been pointed out, a couple of the assumptions in the original post may or may not be correct, depending on the turnkey provider you use.

EVERYONE is a flipper, and so cal has an abundance of people with a lot of ready cash to invest; and more often than not, they bid prices up over market value, thinking that because it's a fixer, there's money to be made. 

Be careful what you put in writing,a lawyer can use it against you in a court of law.The tenant is within his legal rights to demand a receipt for rent paid and the reason is not up for debate by anyone.You must furnish a receipt within a certain time period established by your local state law.You can furnish it electronically,US Post Office mail,or in person.Also,that statement regarding possibly moving into the apartment might been seen by a judge as illegal harassment of a paying tenant.You seriously should seek legal advice from a competent attorney and let them write responses to your tenants with the correct legal language.

Of course you're correct in saying that there are many value-add improvements you can do with residential which improve rents.However, when commercial property is evaluated and underwritten, it's primarily evaluated by the numbers (NOI/Cap-rate), where as residential is valued via "comps", which is a lot more nebulous.

I put in a bid for a condo on auction.com in NY that has $1,300 in back association fees.

Account Closed in one of your posts you noted "As far as the seller goes I have worded it as my partner and I"... this comes off that the seller has no clue you are wholesaling and believes you are the end buyer, correct?

You could also release the other tenant from their lease however the problem will continue with the next tenant.In reality you can never correct a noisy tenant issue except by getting rid of them.

@Hector Rodriquez is correct.

I want to make sure I am using the tool correctly and was just wondering what the BP community  would recommended I allocate for vacancy, repairs and maintenance, cap ex and management fees?

Personally, I would look at converting it to a MF but if you don't want to go to the expense of converting, it seems like your options are limited, correct?