Homes that size typically sell between $275-300k in that area."  

In my analyses, I typically budget 10% of rent roll for management--are you planning to self-manage this property?

It will be vacant during the rehab obviously and the work will begin up to 2 weeks after I get the keys.Do you all recommend security monitoring of some sort?

I can typically give you ballpark based on just zillow pics.

I guess the same could be accomplished with automobiles and other typical tax write offs.In summary, what might advantages or disadvantages of leaving the wives off on putting them on the LLC?

This is a typical builder ploy to keep the fee low by subsidizing the HOA.  

So my question(s), what sort of things should i provide back to the agent regarding conditions, contingencies, if i find things aren't right during the process (i.e. inspections, etc)As always your help is greatly appreciated.  

So are you saying it is typical to compensate contractors for their time spent walking through a property to provide estimates for rehab?

Not to say there can't be deals done at less of a purchase price, but typically the most comfortable clients are in the $200K+

I grew up in Altamonte Springs ('87-04)  and saw it go from a rural town to what it is today, sort of a haphazard mix of nice residential, not so nice residential, run down commercial with pockets of freshly built/rehabbed commercial, low income apartments-turned condos before the crash-turned foreclosure havens that are barely recovering....