Turnkey Rentals and Wholesaling

[Marilyn H.]

I've jumped right into wholesaling with some success, but now I find myself in a situation that I don't know how to handle: I have the opportunity to wholesale some SFR and some duplexes. They are turnkey and tenant occupied. I can use the comps, of course, to figure ARV, but does that really help me? What formula (if there is one) do investors use for this type of property? Not MAO, I would think, but what?

I want to be able to offer a fair price to the seller and a good deal to the buyer while making some money myself, but I'm not sure how to proceed. I know the rent amounts and property tax, but not sure how those numbers figure in.

Any help is appreciated. BTW, if the math gets too complicated, my brain freezes, so please let this be something simple to comprehend and figure.

Thanks!