Good luck with your endeavors, I think that is a fabulous idea, and I know you will succeed!

I've also seen them take issue with the attempted placement of propane tanks (only allowed so long as they are not visible from the street - that kind of stuff).If the existing restrictions don't interfere with anything you plan to do anyways, no big deal.

Maybe that's not the route for you, but there are other short-term useful endeavors out there in the big world, where you can learn stuff and grow. 

We attempted to do some reno on the property to get it rented but after 25k, its about halfway there, and are having trouble getting the rest finished (garbage contractors/garbage property managers/financial drain).

Of course, you should already have been doing quite a bit of this in your attempt to become a wholesaler.

I locked our reports shortly after finding out and Experian just notified me that they blocked another loan attempt. 

I have a wife who is totally on board with this endeavor.

If I do a refi was going to attempt my first BRRRR with the 70,000. 

In these scenario no profit split is necessaryIf you are working with a private or hard money lender and you are attempting to negotiate a great rate, you could offer a profit split in some instances.

Best of luck in all your endeavors.