If I just go by AirDNA, the difference is not much in annual revenues.Thanks,Ankur

I want to know if this type of business qualifies as a “real estate professional” status.

Reality check:  how many homeowners are going to sell you their house at such a substantial discount? 

I've been in contact with your support@bp and also the featured@bp team they canceled my existing membership that had two weeks remaining. 

The last thing you want to do is buy this property and end up with a lopsided deal if the ARV is significantly lower than what the wholesaler claims.

As far as closing costs go, see below:-Title fees-Title insurance-Hazard Insurance-Lender's closing fee, underwriting fee, or any other flat fee they charge-Origination fee-Attorney fee (if the property is in an attorney state)-Doc fee for closing docs-Prepaid interest through the end of the month you are closing-Recording and transfer fees on titleThat will cover most of your normal closing fees. 

I did attempt this in 3 of my units, and all have failed despite the original premise being no problem.

What condition is it in?

But, I live in Los Angeles, and it feels like an FHA loan would be my only way to own here.

Two of them are in Kentucky and one in Florida.