You will also spend about $100/m on HOA for that.If you are looking for purely rental property, you could grab a nice SFH in north east Raleigh for about 180k and get $1400/mo on rent with no HOA.

If all you have is GP, then why would you spend $15,000 on legal for a limited partnership?

Let Go and Let The VA Work - If you're going to spend the money to hire a VA, get over yourself and give them all the training and access and info they need to do their job.

You can't force someone to buy a property from you via lawsuit, not to mention the amount of money you'll ultimately spend on legal fees makes it not worth it.

I think that buying it off-market will save me the 6% realtor fees though I do have to factor in the wholesaler fee.I still would like to spend more time looking at the potential rental income but I don't think I'm too far off. 

Spend your funds on marketing and not inspections, etc.

You spend 60+ hours a week focused on investing for others.  

The MLS is hard for investor deals right now, mostly because, as Becca mentioned, there aren't enough homes for the people moving here so owner-occupy buyers are more emotionally attached and will to spend more than an investor typically is. 

If you're spending credit card and don't pay it off every month - you're paying interest plus fees.

Using your remaining amount will minimize the amount you have to come up with if you us an FHA on whatever remaining amount you have to spend.