This typical American family does not have an extra $1,200 per month in their budget!

My wife passed her real estate exam recently in hopes of utilizing it to our benefit in future real estate deals (though she has not yet picked a firm to work with).

Typical minimum is 1% rent to sales price so if you paid 163,000 you want to see 1,630 a month rent.

Abdul Azeez If you have a large book of properties including creative financing situations, then i think it makes sense to utilize the cpa/attorney.

I'm looking to utilize the same knowledge and skills to make wholesale deals happen.

Refrigerators are typically considered "non realty"or "non-real-property" items since they are not attached to the house. 

What is the typical % of profit split in this type of scenario?

I've seen similar promises here in NY and it turned out to be 2 Loans - Loan 1 was a credit card cash advance and the second a more typical hard money loan.  

Although I see some lenders a bit more west of you doing 100% of purchase , 100% of rehab loans they are typically in CA and reserved for experienced flippers.The best I've funded this year is 90% purchase 90% of rehab (For borrowers with low 600's fico, 4-5 Points close, first time flipper, and rates in the 10s.  

Another  idea that I have wanted to look into is utilizing an underground network of soaker/drainage lines that keep you from needing a lot of area for sprinkler coverage.