The big hedge fund guys beat me at volume/scale, but I can best them in everything else.

Your project has very little "meat on the bones" for issues.Secondly, as a long time builder, I would recommend that you estimate your rehab from a "backwards" approach. 

Purchase price: $2.8mmFinancing: FCU- 20% down- 3.59% (promotional rate)- 5/25- Appraisal and loan origination fee waived on promotion through the FCUFinancing: FCU- 20% down- 3.59% (promotional rate)- 5/25- Appraisal and loan origination fee waived on promotion through the FCUInspections: 15 business daysClosing: 60 daysSeller countered me at $3.185mm, and I countered back at $3.0mm.

I was 2 or 3 years old when the cops showed up one year and probed her yard.

It just hit me at the right time, and the fact that it came as part of a package with the same seller, helped to put this deal under contract because we offered on all 3 at the same time.

That would determine if there's good meat on the bone for you to execute. 

I do see a potential problem with the foundation but I think it should be able to be corrected (when looking at the house from the front, there is some cracking along the cement portion of the porch but nothing else is visible to me at this time).My question to the community is: would this property be worth renting? 

I need 6 to 10 investors, Wholesalers, Developers or builders to join me at JetClosing, a title and escrow company, and with my  years of investor experience here in Phoenix I promise, we'll close more deals.    

There may not be any more meat on the bone by the time you wholesale it.

3) Me at the end of the season: "The bottom shelf of the freezer door is torn off.