Not sure what you do for VZ but have you ever thought of trying to get into the network real estate department?  

I called the city utilities department and explained them I have a 2" line with 1 water meter, so the base charge should be 120$.

I believe, majority of you have been in such situation.

The vast majority are harmless.

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.  

I heard that you can donate a house to a local fire department for a training.

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.