my understanding is even if you only do one flip during your lifetime and have a day job, you have to pay the fed/state/SE tax.it's inventory. buy it, fix it up, and sell it. that's a business - not a stock.that's how the IRS would view it, IMO.

What is the best price range for a quick turn around?

Commissions on a typical client policy range from between 7% to 10% of total premium.This is significantly less than even term insurance.

You might also consider other wholesalers as ways to get inventory.  

Anywhere, any condition, any price range.  

You need to find out who the agent is and talk to that agent.If there is no agent, yet, the bank is inventorying the house for now until it is ready to put it on the market. 

We are looking at the 80-110K range.

Fix it up to within the range of the area. 

Some homes have gone for 130k in that neighborhood and they range from 1200 to 1400 sq.

We found a few companies here in Texas & their fees range from $850-950 per transaction.