You can record papers at the County Recorder of Deed's office.So....about the only thing you CAN'T do is issue yourself a title insurance policy, and for a wholesale deal you won't need one yourself anyway, and your Seller may not ask for one if they are a cash buyer.As I said: it depends on a lot of variables including your level of expertise, your time, your Buyer's/Seller's level of trust.

The risk is all on your side (other than the 30% profit - aka his variable bonus if things work out and it sells quickly at a good price after a smooth reno).

I know there are so many variables to consider but I want to keep it as simple as possible.  

Even with those variables.

The way I look at it this just introduces another tradeoff variable - risk.

You can use 75% of that $2000 to help you qualify   $4000 + ($2000 x 75% ) = $4000 + $1500 = $5000/mo is usable income to help you qualify for the home purchase.Now, there are many other variables to help you determine your purchasing power, but it really does depend on how much eligibility you have left, what your BAH is at the new duty station, and if you have a history of being a landlord over the last two years.As I mentioned, I'm a lender that helps a lot of active duty and veteran folks.

I know there are dozens of variables that need to be considered, but purely for estimation purposes, are there general buckets that can be used?

Rentometer will also give a general idea based on location, beds and baths, but there are other variables (condition, finishes, etc). 

For organizational costs, I don’t think it would be necessary to set up an entity at the outset, but that depends on how you are going to finance the property and a few other variables which a tax advisor/attorney would need to know in order to properly advise.  

As such, analyzing a situation and accounting for variables to determine positive cash flow (Math!)