The owner was in financial trouble, and I had learned the skills that could help him How did you find this deal and how did you negotiate it?

social skills that students need. 2.  

The question to do a FLIP or B&H depends on your end goal and your skill sets.

Does your law enforcement background or any other skills or experience give you any advantages in wholesaling in your area that others don't have? 

Our skill set is in plumbing, framing and flooring which is where we will be focusing on our future flips/ buy and holds.

He is very unwilling to negotiate on his price, he wants 317k for it.

But, yeah, if the seller was unwilling to go lower, the ARV wouldn't be high enough to pull all your cash out.You'll find another, though.

We have high unemployment and yet almost every place I know with unskilled/moderately skilled labor can't currently find workers. 

skill to have!

The experience with already doing a rehab is absolutely invaluable.I am eager to hear what you find and how it turns out.Yes, finding and keeping the best contractors is a challenge, but as you build your stable of skilled technicians, it gets easier.