You can have solid walls for foundations but they have to be designed for flood impact per FEMA.  

I also work as an interior designer and home stager.

I assume the major things we'd have to do is design and furnish a usable workspace-- wifi, desks, copy/fax/etc, coffee, conference room I was trying to decide if it's better to rent dedicated spaces for more or just have a lower price and make the rates similar to a "gym membership"modelIt would be in the Los Angeles area.

You are setting up a design that creates turn over.  

But it isn't so from that value you would deducts the costs and lost rents and a risk factor to get the market. 

Would reduce your risk factor for long term buy and hold.

One hidden factor in the bank's bid is whether the property has PMI.

When measuring a 'Bank Stress Test' An analysis conducted under unfavorable economic scenarios which is designed to determine whether a bank has enough capital to withstand the impact of adverse developments.all non-performing loans impact the auditors rating of that institution.Another way to say it, EVERY REO is subject to a Short Sale.

I'm in the San Francisco Bay Area, but I'm sure location isn't a factor.

I have been seeing and hearing people call themselves wholesalers but not sure why.Are wholesales people who have taken a course and are designated as a wholesaler?