One of the best ways to go as described by John Jackson in Tarrant County (Ft.Worth in Texas) who teaches this method for about 15 years and has developed a good sales contract that gets you paid before the product sales and he usually quotes the list price to the owner in a fairly nice area.He usually calls houses For Sale By Owner in decent areas. 

We are trying to set up an entity to buy-and-hold this property and I'm unsure if the best method for this is a Series LLC or a C corp.

For example a dated kitchen with walls yellow from cigarette smoke and a 60 year old oven is fine, a kitchen that you can't cook food in is not fine -- even if it is otherwise modern, new, and clean. 

The more I look into wholesaling the more I’m realizing that this method does require quit a bit of time to put all the pieces together.

Scott,There are several items that you need to think about; common area cleaning, common area utilities (electrical at least), laundry room upkeep, fire alarm servicing and possibly monitoring, etc.

I spent the weekend cleaning it and getting a solid game plan in place.I am looking for suggestions on good roofer and a good plumber.The house is only 900 sq ft.  

The simplest method I can imagine is for all of the monthly payments to go to my partner until they've broken even.

The next unit we will have to replace carpet and I'd like to clean up the moulding but hope not to replace. 

Please correct me if I am missing some line items here, but here are the working numbers for the property:+ Gross Rental Income: $150,000- Cleaning Fees: ($21,600)- Management Fees:  ($19,260)- Property Taxes: ($3,700)- Insurance: ($2,400)- Trash & Local Tax: ($650)- Utilities: ($7,200)- Pest Control ($560)- Supplies/Maintenance: ($1200)- Acct/Legal: ($1500)TOTAL EXPENSES = ($58,070)Net Operating Income = $91,930---Based on my limited understanding of the local CAP rates for similar properties in Philadelphia, PA 19106 it looks like 5-6% is a realistic number. 

My secret method is turn the door knob.