As far as strategy, I'm considering wholesaling as a way to gain capital and experience with the goal of moving toward buy and holds, with the eventual goal of PIRE (Passive Income Retire Early). 

I would rather sell the property at this point due to capital gains and the fact that my end goal is to generate about 12k monthly in passive income.

one nation title in dallas

Yes the 100k profit, or whatever is left over after rehab (note purchase + expenses + rehab = cost basis) will be taxed and most likely as income not capital gains. 

According to RealtyTrac and the National Association of Realtors, the average Fix & Flip takes 6 months, has a gross profit of $67,000 (before rehab costs are subtracted) and has a Net Profit of $15,000 after all expenses are accounted for.

Talking with a few local credit unions but wanted to see what some national banks would offer.

Are profits from wholesaling treated as short term capital gains then?

. - if you ever renovate this unit, the renovation and repair on this unit can be either expensed if repair or capitalized if considered improvements. unit 2) you are renovating this unit - you will move into this unit

I factored in property management at 10% as well as capital expenditures, maintenance, sewage, etc.Granted, I am aware that the tenants will likely cover their own utilities; plus I don't live in Vegas, so my estimates may be a lot more conservative than what the actual average amounts might be.

At this point I’m looking to take out some capital and use it for investment purposes, hopefully in the next month.