Alternatively you could actually close on the property and then immediately resell it to one of your buyers (aka "double close" in which case you ARE the actual buyer for the seller, even though it is technically a wholesale).

Would YOU classify income of this nature to be passive?

I personally do the process of acting as my own GC and hire subs, plus, I also have a project manager as J suggested as an alternative.

Appliances must be stainless steel and Viking is one of the top preferences with Wolf being a good alternative option.

If all or any part of the Property or any Interest in the Property is sold or transferred (or if Borrower is not a natural person and a beneficial interest in Borrower is sold or transferred) without Lender's prior written consent, Lender may require immediate payment in full of all sums secured by this Security Instrument.

Is it normal to have to spend $300-400 on an inspection in order to view the inside (I feel that it shouldn't be) or is there a better alternative that someone can suggest?

I guess I wasn't considering that because there is soooo much reading to do here it would just become second nature but for an introduction, I can see that point clearly. 

The above is just general in nature and is not meant to create any attorney-client relationship. 

And since I am a bit of a newb, did you use a questionnaire or a list of prioritzed questions (which may just be 2nd nature to you at this point) that you could share when talking to the sellers to determine if you had a great deal?  

I see lots of discussions about seller financing, but I think earn-outs may be a good alternative as well.