Is it standard practice to do an inspection on wholesale deals? 

Income passes thru at individual tax rates and you get Business expense deductions.

If you have a B property, it implies B standards. 

DON'T REHAB A HOUSE THAT NEEDS EVERYTHING DONE TO BRING IT TO STANDARDS.4.

Thank you!!

I printed out a standard letter, but hand wrote the individuals name at the top "Dear Mr Owner", hand signed each one at the bottom, and hand wrote the address on the envelope.

We were able to itemize instead of taking the standard deductions on our individual tax returns while it was our primary residence, by deducting mortgage interest, taxes and qualified improvements, but then learned the power of the P&L and taking business deductions against the passive income to offset our tax liability.

I don't believe the standard application asked the question. 

If we end up purchasing the property I would probably lean towards a higher deductible plan to lower the annual payment.

These numbers will vary based on the age of your home and location but usually standards that may be used are the following:Repairs - 8%Cap Ex - 8%Vacancy - 5%Management - 10%Miscellaneous - 2%If you have an older home (any home built before 1978) it would be wise to take out a little bit more for repairs.