Make your offer a Cash offer if you plan a double close in a same day back-to-back flip.

Due to their being a foreclosure sale date set we knew there was a limited amount of time to find a buyer which eliminated our chances of finding conventional loan buyers as we would need to do a double closing to exit this deal and this may have taken longer depending on how fast the buyers bank would complete their end.

There are way too many new folks that don't have the expertise to wholesale or the capital to double close.  

I'd do the home inspection first so you can get a really good picture of what really needs to be done, then contact the contractor to schedule a walk-thorough and estimate.

You do know what ever the repair costs they give you that it should be doubled or tripled?

6) Assuming all goes well and I gain control of the property, since I have gone to the property, reviewed it and found out through talking to the tenant while taking pictures that this is not a owner occupied.  

But I also have heard that number can double to 20 if you take the loan out on your spouse's name.  

There are going to be double digit markets that meet this requirement.

(rent slightly below comps)One building, double lot property with large backyard and potential to subdivide. 

We do lots of HQ pictures, a walkthrough video, etc..