If you stumbled upon an amazing property by luck to sell that might work but often wholesalers are selling overpriced junk because they do not know how to properly underwrite commercial assets.

Maybe I’m not doing the math properly? 

No, not unless she and the buyer are contractually bound, which then means the business relationship has been papered properly and she is allowed to negotiate on behalf of and represent the buyer. 

Some states require the lease to end at the end of a calendar month, but most states allow you to end on any day of the month as long as notice is given the proper number of days in advance.

Properly maintained, appliances fail based on one of two situations: intentional negligence (misuse) and unintentional negligence (spill hot oil on a stove).  95% of my appliance problems have been intentional negligence. 

So your insurance agent might be able to give you a couple of people who s/he at least knows is properly insured.

This was a turn-key property that needed light rehab and a tenant was found in 1 and half weeks.Hopefully with proper screening and background checks my risk is mitigated for the future on repairs.

I've seen the changing skyline both in Boston proper and out west thanks to an influx of pharmas (of which are my day job clients) and what its doing to the area.So take this information -- you're trying to dump a lot of stuff into a home, but what's the return going to be on that?

I c This is what I would do in your position..I would only incorporate if this is a rental property and/or this will be an ongoing partnership doing flipsIf this is a just a one time thing or at least to test out the waters it would be easier to structure a joint venture agreementThe proper way is to incorporate but is it necessary with all the fees associated just for 1 dealI am an agent in Toronto as well and someones it gets too complicated when so many people and decision makers are in on the deal.

And, as others have mentioned, keeping in mind what the comps are (in other words, how much under market you are) is always a prerequisite to proper rental "budget" analysis.