As far as property management fees my wife is a local property manager so I did not include that, also as far as capex I don't see any major expenses as the roof is under the hoa, my business partner is a licensed hvac tech and regional rep for a local hvac/plumbing company and we can get all units and parts at well well below cost and install ourselves like we do on our flip properties.

Your cpa will be able to get the real numbers for the major components of the house.But you must choose a depreciation model and stick with it.

The vast majority of wholesale flip deals I see are put out at 74% to 78%, variances based on location of property, desirability, whether it's a small-time wholesaler or a large organization (i.e. experience and/or size of buyer pool), and potential net profit.  

There are other good uses of old structures for firefighter training that may not help you solve your problem but are difficult to simulate due to their destructive nature such as forcible entry (ie breaking down doors) and vertical ventilation (cutting holes in roofs) that you might mention when trying to sell your idea.  

Major Lack of capital hahaha.  

The property in question is a SFH, needing new flooring as a major repair and also several minor repairs such as hardware, cracked tiling.

The short sales and REO's have not been a major factor in Vegas for a while now (combined they make up less than 20% of our available inventory).

Perhaps okay for a single, but for a father with other outside activities, HD is a major interference with life.I tried to get a specific evening excluded from my shift rotations and they said no. 

Mary's University in San Antonio, TX ('07-'11) where my two majors were Financial Services/Risk Management and Entrepreneurial Studies. 

I know that a real estate license isn't necessary to invest, but, aside from access to the MLS database, are there any major advantages to having a license that make it worthwhile to pursue?