It is not correct.

I was guessing about the oak, so I am sure you are correct about that.

@Jonathan Bowen if I understood you correctly, the $300 is a bonus on top of the regular commission.I offered the same thing when I sold our primary residence in 2017

@Thomas D. if I understand correctly, you and your uncle are going to form a conspiracy to falsely inflate the value of your properties for the purpose of taking loans from a bank in amounts larger that would be allowed if not for the artificial inflation.  

For awhile I was questioning if i wasn't analyzing the deals correctly but after talking within my network my math is solid so at least i'm not jumping in and making mistakes (yet). 

Another way I've seen it done is to use "sub-accounts" under a property address so you can correctly reconcile expenses and income to the property "sub-account" which will then allow you to see a full break down per property in the P&L. 

Correct.

Somebody correct me if i'm wrong though, I don't mean to disregard good advice from anyone. 

@Dean Letfus is correct, there are a ton of wholesalers that are looking to move houses that are in terrible areas with no thought of our future and what it could mean to us to sell us a terrible product. 

But, we want to repaint correctly.