Question about offer on REO

[Kobus De Villiers]

I'm putting together an offer on my first REO property to wholesale. Fortunately there is no seasoning problems but they do have a paragraph to state that I can't sell for more than $x.xx in a certain period. I'm trying to negotiate this to 20% of purchase price to give me enough spread for a wholesale deal.

Anybody have any experience with this and have some general guidelines to consider. I'm thinking 10% may not be enough to cover transactional funding costs for double closing and giving me enough negotiating ability.

This is on the deed so it would potentially impact the rehab as well. Should I include my rehab estimate and negotiate with that in mind to cover my buyer?

Thanks.