It's unlikely that 2 weeks of damp drywall created anything more than moldy, mildewy drywall and if you tear it out and dry everything out that's likely the end of the story.

Here is drying up also.

We hired a pro water remediation company and asked them to remove dry wall, base boards, carpet, and drop fans, dehumidifier equipment, as well as apply any anti-microbial disinfectant, etc.

Your not wrong but yeowzers, you threw out the lube, wrapped it in 60 grit and just dry pounded that like a gorilla.

Now, with this, if new, I wouldn't know how or where to engage, and it's so dry with the drill down into things, I would have played for a few minutes, maybe came back a  couple times, then thrown it aside to never come back again. 

So if that did happen I would get my money back and not left out to dry?

When i did inspection there was wood rot in the report and i was given seller credit for it.At the time of buying i did not feel it is big deal.But now that i see problems arising i am unsure if it is too much upkeep to maintain the house.I got the property at low interest rate of 3 so i would like to hold on to it.Is wood rot major problem that i need to address immediately.

Its in a bit of rough shape, needing some dry wall replacement, paint carpet and etc, I have done what I think is the correct math and it comes out to a steal.

Theoretically it shouldn't matter what you make as long as the end buyer has a smokin' deal.That being said, I believe there are various ways to close the deal so that your end buyer doesn't balk at settlement and leave you high and dry (double close vs assignment - if there is a huge spread here it may be worth the fees to double close to keep your fee your business).How do you generate your wholesale leads?

If it's for a low-to-mid range rental it's fine, but for a flip or STR you'll want to put dry wall on it. "4 times floors" is a rule of thumb I've heard for new sheet rock installed and sanded, so whatever your floor space is times that by $4.